Tesco (LON:TSCO) Insider Purchases 30 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 30 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of GBX 456 per share, with a total value of £136.80.

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

• On Friday, June 5th, Ken Murphy bought 31 shares of Tesco stock. The stock was bought at an average price of GBX 456 per share, with a total value of £141.36.

Tesco Price Performance

Shares of LON TSCO traded up GBX 12.34 during midday trading on Tuesday, hitting GBX 469.63. The company had a trading volume of 258,188,766 shares, compared to its average volume of 40,566,191. Tesco PLC has a twelve month low of GBX 411.70 and a twelve month high of GBX 520.60. The firm has a market capitalization of £29.43 billion, a price-to-earnings ratio of 17.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The business has a 50-day simple moving average of GBX 468.03 and a two-hundred day simple moving average of GBX 470.09. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Shore Capital Group lowered shares of Tesco to a “hold” rating and lowered their price target for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. 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, Tesco currently has an average rating of “Moderate Buy” and a consensus target price of GBX 483.75.

Tesco Company Profile

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.