Insider Buying: Tesco (LON:TSCO) Insider Acquires 29 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy bought 29 shares of the business’s stock in a transaction dated Friday, February 13th. The stock was acquired at an average cost 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 purchased at an average cost of GBX 424 per share, with a total value of £135.68.
• On Friday, January 9th, Ken Murphy purchased 11,961 shares of Tesco stock. The shares were purchased at an average cost of GBX 418 per share, for a total transaction of £49,996.98.

Tesco Trading Up 0.9%

Shares of TSCO stock traded up GBX 4.26 on Monday, reaching GBX 487.33. 9,414,942 shares of the stock were exchanged, compared to its average volume of 37,366,738. The firm has a 50 day moving average of GBX 437.59 and a two-hundred day moving average of GBX 439.44. The stock has a market cap of £30.97 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Tesco PLC has a 1-year low of GBX 310.30 and a 1-year high of GBX 491.80. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35.

Analyst Upgrades and Downgrades

Several brokerages have commented on TSCO. Shore Capital Group reiterated a “buy” rating on shares of Tesco in a report on Friday, January 23rd. JPMorgan Chase & Co. decreased their target price on Tesco from GBX 500 to GBX 480 and set a “buy” rating on the stock in a research report on Monday, January 12th. Jefferies Financial Group cut their price objective on Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research note on Thursday, January 8th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 465.

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