Insider Buying: Tesco (LON:TSCO) Insider Buys 29 Shares of Stock

Key Points

• Tesco insider Ken Murphy purchased 29 shares at GBX 475 each, investing £137.75. He also bought 30 shares in August for £136.80.
• Tesco shares rose to GBX 480.30, near the company’s 50-day and 200-day moving averages, with a market capitalization of approximately £29.92 billion.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of GBX 481.25; individual views range from “Hold” to “Buy.”

Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy purchased 29 shares of the stock in a transaction on Friday, September 25th. The stock was acquired at an average cost 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 Price Performance

LON:TSCO traded up GBX 6.30 during trading hours on Monday, reaching GBX 480.30. 53,383,066 shares of the company were exchanged, compared to its average volume of 41,180,113. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. Tesco PLC has a twelve month low of GBX 411.70 and a twelve month high of GBX 520.60. The firm has a market cap of £29.92 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The stock's 50-day moving average is GBX 471.22 and its 200-day moving average is GBX 468.91.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSCO. Deutsche Bank Aktiengesellschaft lifted their price objective on Tesco from GBX 500 to GBX 525 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Shore Capital Group cut shares of Tesco to a "hold" rating and lowered their price target for the company from GBX 525 to GBX 480 in a research report on Wednesday, August 12th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Tesco from GBX 500 to GBX 490 and set an "overweight" rating for the company in a research report on Wednesday, September 2nd. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of GBX 481.25.

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.

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