Insider Buying: Tesco (LON:TSCO) Insider Buys £136.20 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 30 shares of Tesco stock in a transaction that occurred on Friday, October 24th. The stock was bought at an average price of GBX 454 per share, for a total transaction of £136.20.

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

• On Friday, September 26th, Ken Murphy acquired 32 shares of Tesco stock. The stock was bought at an average price of GBX 441 per share, for a total transaction of £141.12.
• On Friday, August 29th, Ken Murphy acquired 32 shares of Tesco stock. The stock was bought at an average price of GBX 422 per share, for a total transaction of £135.04.

Tesco Stock Down 0.5%

Shares of TSCO opened at GBX 456.80 on Thursday. The firm has a market cap of £29.57 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Tesco PLC has a 12-month low of GBX 310.30 and a 12-month high of GBX 461.60. The company’s 50-day moving average price is GBX 439.85 and its 200 day moving average price is GBX 409.37. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Tesco (LON:TSCO) last announced its earnings results on Thursday, October 2nd. The retailer reported GBX 15.61 earnings per share (EPS) for the quarter. Tesco had a return on equity of 11.33% and a net margin of 1.92%. On average, sell-side analysts forecast that Tesco PLC will post 27.374848 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on TSCO. Citigroup boosted their target price on Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research report on Friday, July 18th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 440 price target on shares of Tesco in a research note on Tuesday. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Tesco in a research note on Friday, October 3rd. Shore Capital reiterated a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Tesco from GBX 470 to GBX 495 and gave the stock a “buy” rating in a research report on Friday, October 3rd. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 461.25.

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.