Tesco (LON:TSCO) Insider Ken Murphy Purchases 32 Shares

Tesco PLC (LON:TSCO) insider Ken Murphy bought 32 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were acquired at an average cost of GBX 441 per share, with a total value of £141.12.

Ken Murphy also recently made the following trade(s):

• On Friday, August 29th, Ken Murphy bought 32 shares of Tesco stock. The shares were acquired at an average cost of GBX 422 per share, with a total value of £135.04.
• On Monday, July 7th, Ken Murphy bought 34 shares of Tesco stock. The shares were acquired at an average cost of GBX 406 per share, with a total value of £138.04.

Tesco Trading Down 0.2%

LON TSCO traded down GBX 0.70 during trading hours on Monday, hitting GBX 440.70. 8,551,170 shares of the company’s stock were exchanged, compared to its average volume of 18,631,609. The stock has a 50-day simple moving average of GBX 427.54 and a 200 day simple moving average of GBX 390.51. Tesco PLC has a 1-year low of GBX 310.30 and a 1-year high of GBX 445. The firm has a market cap of £28.61 billion, a price-to-earnings ratio of 1,874.52, a PEG ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Citigroup raised their target price on Tesco from GBX 395 to GBX 460 and gave the stock a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. raised their price objective on Tesco from GBX 400 to GBX 450 and gave the company an “overweight” rating in a research note on Monday, September 1st. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of GBX 455.

About Tesco

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.