Tesco (LON:TSCO) Insider Purchases £136.80 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy purchased 30 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of GBX 456 per share, for a total transaction of £136.80.

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

• On Friday, June 5th, Ken Murphy purchased 31 shares of Tesco stock. The shares were acquired at an average price of GBX 456 per share, with a total value of £141.36.

Tesco Stock Up 2.7%

Shares of TSCO stock traded up GBX 12.34 on Tuesday, hitting GBX 469.63. 258,188,766 shares of the stock were exchanged, compared to its average volume of 40,566,191. The firm has a market capitalization of £29.43 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The business has a 50-day moving average of GBX 468.03 and a 200 day moving average of GBX 470.09. Tesco PLC has a fifty-two week low of GBX 411.70 and a fifty-two week high of GBX 520.60.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Shore Capital Group cut Tesco to a “hold” rating and reduced their target price for the stock from GBX 525 to GBX 480 in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 483.75.

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.