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

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 29 shares of the business’s stock in a transaction dated Friday, September 25th. The stock was purchased at an average price of GBX 475 per share, for a total transaction of £137.75.

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

• On Friday, August 28th, Ken Murphy bought 30 shares of Tesco stock. The shares were acquired at an average cost of GBX 456 per share, with a total value of £136.80.

Tesco Trading Up 1.4%

LON TSCO opened at GBX 480.40 on Tuesday. Tesco PLC has a one year low of GBX 411.70 and a one year high of GBX 520.60. The company’s 50 day moving average price is GBX 471.26 and its 200 day moving average price is GBX 468.98. The company has a debt-to-equity ratio of 131.55, a quick ratio of 0.60 and a current ratio of 0.59. The firm has a market capitalization of £29.92 billion, a price-to-earnings ratio of 17.73, a PEG ratio of 1.43 and a beta of 0.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on TSCO shares. JPMorgan Chase & Co. cut their target price on shares of Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a research note on Wednesday, September 2nd. Shore Capital Group cut shares of Tesco to a “hold” rating and decreased their price target for the stock from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of GBX 481.25.

About Tesco

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.