Tesco (LON:TSCO) Insider Acquires 26 Shares of Company Stock

Key Points

• Tesco insider Ken Murphy purchased 26 shares at GBX 540 each, worth £140.40, following two earlier purchases in August and September.
• Tesco shares fell 1.7% to GBX 533.20 during Monday trading, while trading volume exceeded the stock’s average.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of GBX 500, despite mixed individual recommendations.

Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy acquired 26 shares of the firm's stock in a transaction dated Friday, October 23rd. The stock was bought 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 bought at an average cost of GBX 475 per share, with a total value of £137.75.
• On Friday, August 28th, Ken Murphy purchased 30 shares of Tesco stock. The stock was bought at an average price of GBX 456 per share, with a total value of £136.80.

Tesco Stock Down 1.7%

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

Tesco (LON:TSCO - Get Free Report) last released its quarterly earnings data on Thursday, October 8th. The retailer reported GBX 17.50 EPS for the quarter. Tesco had a net margin of 2.53% and a return on equity of 16.45%. As a group, research analysts anticipate that Tesco PLC will post 27.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TSCO shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Tesco from GBX 525 to GBX 550 and gave the stock a "buy" rating in a research report on Friday, October 9th. Shore Capital Group restated a "hold" rating and issued a GBX 480 target price on shares of Tesco in a research report on Thursday, October 8th. Jefferies Financial Group reiterated a "hold" rating and set a GBX 480 price target on shares of Tesco in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research note on Wednesday, September 2nd. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of GBX 500.

About Tesco

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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