Insider Buying: Tesco (LON:TSCO) Insider Buys 26 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy purchased 26 shares of the company’s stock in a transaction dated Friday, October 23rd. The stock was purchased at an average price of GBX 540 per share, with a total value of £140.40.

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

• On Friday, September 25th, Ken Murphy purchased 29 shares of Tesco stock. The shares were acquired at an average cost of GBX 475 per share, with a total value of £137.75.
• On Friday, August 28th, Ken Murphy acquired 30 shares of Tesco stock. The stock was bought at an average cost of GBX 456 per share, for a total transaction of £136.80.

Tesco Trading Down 1.7%

TSCO stock traded down GBX 9.20 during midday trading on Monday, hitting GBX 533.20. The stock had a trading volume of 59,834,250 shares, compared to its average volume of 38,680,555. The company has a current ratio of 0.62, a quick ratio of 0.60 and a debt-to-equity ratio of 127.34. The firm has a market cap of £33.21 billion, a P/E ratio of 19.68, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The business has a fifty day moving average price of GBX 482.43 and a two-hundred day moving average price of GBX 473.35. Tesco PLC has a 1-year low of GBX 411.70 and a 1-year high of GBX 622.50.

Tesco (LON:TSCO) last announced its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 EPS for the quarter. Tesco had a return on equity of 16.45% and a net margin of 2.53%. On average, sell-side analysts predict that Tesco PLC will post 27.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price target on Tesco from GBX 525 to GBX 550 and gave the stock a “buy” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. lowered their price target on Tesco from GBX 500 to GBX 490 and set an “overweight” rating on the stock in a report on Wednesday, September 2nd. Jefferies Financial Group reiterated a “hold” rating and set a GBX 480 price objective on shares of Tesco in a research report on Thursday, October 8th. Finally, Shore Capital Group reaffirmed a “hold” rating and set a GBX 480 price target on shares of Tesco in a report on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 500.

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.