Insider Buying: Tesco (LON:TSCO) Insider Acquires £136.80 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy purchased 30 shares of Tesco stock in a transaction that occurred on Friday, August 28th. The shares were bought at an average price 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 acquired 31 shares of Tesco stock. The stock was acquired at an average price of GBX 456 per share, with a total value of £141.36.

Tesco Price Performance

Shares of Tesco stock opened at GBX 468.30 on Friday. The business has a 50 day simple moving average of GBX 469.16 and a two-hundred day simple moving average of GBX 470. The stock has a market capitalization of £29.34 billion, a P/E ratio of 17.28, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 131.55, a current ratio of 0.59 and a quick ratio of 0.60. Tesco PLC has a 12 month low of GBX 411.70 and a 12 month high of GBX 520.60.

Analysts Set New Price Targets

Several research firms recently issued reports on TSCO. JPMorgan Chase & Co. cut their price objective on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Tesco from GBX 500 to GBX 525 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, 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 report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Tesco presently has an average rating of “Moderate Buy” and an average target price of GBX 481.25.

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.