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

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 29 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was bought at an average price of GBX 482 per share, for a total transaction of £139.78.

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

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

Tesco Stock Up 0.9%

LON:TSCO traded up GBX 4.26 during trading hours on Monday, reaching GBX 487.33. 9,414,942 shares of the company traded hands, compared to its average volume of 37,366,738. Tesco PLC has a 1 year low of GBX 310.30 and a 1 year high of GBX 491.80. The business’s 50-day moving average price is GBX 437.59 and its two-hundred day moving average price is GBX 439.44. The stock has a market capitalization of £30.97 billion, a P/E ratio of 21.47, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Analysts Set New Price Targets

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

About Tesco

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.