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

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 29 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was purchased at an average cost of GBX 482 per share, with a total value of £139.78.

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

• On Friday, January 16th, Ken Murphy bought 32 shares of Tesco stock. The shares were purchased at an average cost of GBX 424 per share, for a total transaction of £135.68.
• On Friday, January 9th, Ken Murphy bought 11,961 shares of Tesco stock. The stock was purchased at an average price of GBX 418 per share, for a total transaction of £49,996.98.

Tesco Stock Performance

Tesco stock opened at GBX 487.33 on Tuesday. The firm has a 50 day simple moving average of GBX 438.31 and a 200-day simple moving average of GBX 439.88. The stock has a market cap of £30.97 billion, a price-to-earnings ratio of 21.47, 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 1-year low of GBX 310.30 and a 1-year high of GBX 491.80.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Shore Capital Group restated a “buy” rating on shares of Tesco in a research report on Friday, January 23rd. JPMorgan Chase & Co. decreased their target price on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating on the stock in a research report on Monday, January 12th. Jefferies Financial Group dropped their price target on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a research report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tesco currently has an average rating of “Moderate Buy” and an average target price of GBX 465.

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. Serving our customers, communities and planet a little better every day is what we do.