Tesco (LON:TSCO) Shares Down 8.7% - Time to Sell?

Tesco PLC (LON:TSCO - Get Free Report)'s share price was down 8.7% during trading on Saturday . The company traded as low as GBX 337.87 ($4.40) and last traded at GBX 339.20 ($4.41). Approximately 32,628,854 shares were traded during trading, an increase of 86% from the average daily volume of 17,553,332 shares. The stock had previously closed at GBX 371.50 ($4.83).

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TSCO shares. Shore Capital reiterated a "buy" rating on shares of Tesco in a report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price objective on shares of Tesco from GBX 410 ($5.33) to GBX 400 ($5.20) and set an "overweight" rating on the stock in a research note on Monday, January 13th.

Tesco Stock Performance

The company has a market capitalization of £21.62 billion, a PE ratio of 16.96, a PEG ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average of GBX 367.58 and a two-hundred day moving average of GBX 362.77. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

Insider Activity

In other Tesco news, insider Gerard Murphy bought 40,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average cost of GBX 371 ($4.83) per share, for a total transaction of £148,400 ($193,053.21). Insiders bought a total of 40,110 shares of company stock valued at $14,881,384 in the last three months. 2.51% of the stock is currently owned by corporate insiders.

Tesco Company Profile

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Our commitment to our customers extends beyond our stores, and into every community we serve – in the UK, Republic of Ireland, Slovakia, the Czech Republic and Hungary. We invest in communities to help them thrive, through supporting schools and children's groups, food banks and other good causes. In challenging times, our purpose has guided every part of the Group.