Insider Buying: Tesco (LON:TSCO) Insider Buys £139.78 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy bought 29 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were acquired at an average price of GBX 482 per share, for a total transaction of £139.78.

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

• On Friday, January 16th, Ken Murphy acquired 32 shares of Tesco stock. The stock was bought at an average price of GBX 424 per share, for a total transaction of £135.68.
• On Friday, January 9th, Ken Murphy acquired 11,961 shares of Tesco stock. The shares were purchased at an average cost of GBX 418 per share, with a total value of £49,996.98.

Tesco Price Performance

Shares of TSCO stock opened at GBX 496.70 on Thursday. Tesco PLC has a 1 year low of GBX 310.30 and a 1 year high of GBX 499.90. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The firm’s 50 day moving average is GBX 440.31 and its 200-day moving average is GBX 440.74. The firm has a market capitalization of £31.57 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 1.43 and a beta of 0.51.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TSCO shares. Jefferies Financial Group lowered their target price on Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a report on Friday, January 16th. JPMorgan Chase & Co. decreased their price objective on Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a report on Monday, January 12th. Shore Capital Group reissued a “buy” rating on shares of Tesco in a research report on Friday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research report on Thursday, January 8th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 465.

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. Serving our customers, communities and planet a little better every day is what we do.