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

Tesco PLC (LON:TSCO) insider Ken Murphy bought 29 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of GBX 466 per share, with a total value of £135.14.

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

• On Friday, February 13th, Ken Murphy bought 29 shares of Tesco stock. The stock was purchased at an average price of GBX 482 per share, with a total value of £139.78.

Tesco Trading Down 1.0%

LON TSCO opened at GBX 459.70 on Tuesday. The firm has a market capitalization of £29.17 billion, a PE ratio of 16.96, a P/E/G ratio of 1.43 and a beta of 0.60. The stock’s 50 day moving average is GBX 477.30 and its 200 day moving average is GBX 459.02. Tesco PLC has a twelve month low of GBX 357.56 and a twelve month high of GBX 508.20. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

Tesco (LON:TSCO) last announced its quarterly earnings data on Thursday, April 16th. The retailer reported GBX 29.50 EPS for the quarter. The business had revenue of GBX 7,371 million during the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. Research analysts forecast that Tesco PLC will post 27.374848 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on TSCO shares. Shore Capital Group restated a “buy” rating on shares of Tesco in a report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. boosted their price target on Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 430 price objective on shares of Tesco in a research report on Thursday, April 16th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 478.75.

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.