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

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 29 shares of the company’s stock in a transaction on Friday, September 25th. The shares were bought 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 purchased at an average cost of GBX 456 per share, for a total transaction of £136.80.

Tesco Trading Down 1.1%

Shares of Tesco stock opened at GBX 473.46 on Wednesday. The firm has a market cap of £29.49 billion, a PE ratio of 17.47, a P/E/G ratio of 1.43 and a beta of 0.57. The stock has a fifty day moving average price of GBX 471.16 and a 200-day moving average price of GBX 469.01. 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 1 year low of GBX 411.70 and a 1 year high of GBX 520.60.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Tesco from GBX 500 to GBX 490 and set an “overweight” rating for the company in a report on Wednesday, September 2nd. Shore Capital Group lowered Tesco to a “hold” rating and dropped their price objective for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target 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. Two analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Tesco currently has a consensus rating of “Moderate Buy” and an average target price 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.