Insider Buying: Tesco (LON:TSCO) Insider Acquires 32 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy bought 32 shares of the stock in a transaction on Friday, September 26th. The shares were acquired at an average cost of GBX 441 per share, for a total transaction of £141.12.

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

• On Friday, August 29th, Ken Murphy purchased 32 shares of Tesco stock. The shares were purchased at an average price of GBX 422 per share, with a total value of £135.04.
• On Monday, July 7th, Ken Murphy purchased 34 shares of Tesco stock. The shares were purchased at an average price of GBX 406 per share, with a total value of £138.04.

Tesco Stock Down 3.5%

TSCO opened at GBX 429.70 on Thursday. The company has a fifty day moving average price of GBX 428.28 and a 200-day moving average price of GBX 391.86. The firm has a market capitalization of £27.90 billion, a P/E ratio of 1,827.73, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 126.35, a current ratio of 0.81 and a quick ratio of 0.60. Tesco PLC has a one year low of GBX 310.30 and a one year high of GBX 448.90.

Wall Street Analyst Weigh In

A number of research firms have recently commented on TSCO. JPMorgan Chase & Co. boosted their price target on shares of Tesco from GBX 400 to GBX 450 and gave the company an “overweight” rating in a research report on Monday, September 1st. Citigroup boosted their price target on shares of Tesco from GBX 395 to GBX 460 and gave the company a “buy” rating in a research report on Friday, July 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tesco has an average rating of “Buy” and a consensus price target of GBX 455.

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.