Tesco (LON:TSCO) Insider Purchases £136.80 in Stock

Key Points

• Insider buying: Tesco CEO Ken Murphy purchased 30 shares at GBX 456 each, totaling £136.80, following a similar 31-share purchase in June.
• Stock performance: Tesco shares rose 2.7% to GBX 469.63, with trading volume substantially above average. The company has a £29.43 billion market capitalization and trades at a P/E ratio of 17.33.
• Analyst outlook: Tesco has a consensus “Moderate Buy” rating and an average price target of GBX 483.75, although Shore Capital downgraded the stock to “Hold” while Deutsche Bank raised its target to GBX 525.

Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy purchased 30 shares of the company's stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average cost of GBX 456 per share, for a total transaction of £136.80.

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

• On Friday, June 5th, Ken Murphy purchased 31 shares of Tesco stock. The shares were acquired at an average price of GBX 456 per share, with a total value of £141.36.

Tesco Stock Up 2.7%

Shares of TSCO stock traded up GBX 12.34 on Tuesday, hitting GBX 469.63. 258,188,766 shares of the stock were exchanged, compared to its average volume of 40,566,191. The firm has a market capitalization of £29.43 billion, a P/E ratio of 17.33, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The business has a 50-day moving average of GBX 468.03 and a 200 day moving average of GBX 470.09. Tesco PLC has a fifty-two week low of GBX 411.70 and a fifty-two week high of GBX 520.60.

Wall Street Analysts Forecast Growth

TSCO has been the topic of several research reports. Shore Capital Group cut Tesco to a "hold" rating and reduced their target price for the stock from GBX 525 to GBX 480 in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Tesco from GBX 500 to GBX 525 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 483.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source