Insider Buying: Tesco (LON:TSCO) Insider Purchases £137.75 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 29 shares of Tesco stock in a transaction dated Friday, September 25th. The stock was acquired at an average cost of GBX 475 per share, with a total value of £137.75.

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

• On Friday, August 28th, Ken Murphy bought 30 shares of Tesco stock. The shares were purchased at an average cost of GBX 456 per share, for a total transaction of £136.80.

Tesco Price Performance

Shares of TSCO stock opened at GBX 468.80 on Thursday. The stock has a 50 day moving average of GBX 470.90 and a two-hundred day moving average of GBX 468.95. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. Tesco PLC has a 12 month low of GBX 411.70 and a 12 month high of GBX 520.60. The company has a market capitalization of £29.20 billion, a P/E ratio of 17.30, a P/E/G ratio of 1.43 and a beta of 0.57.

Wall Street Analyst Weigh In

TSCO has been the topic of a number of analyst reports. Shore Capital Group cut shares of Tesco to a “hold” rating and lowered their target price for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. lowered their price objective on Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 481.25.

About Tesco

Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.