Tesco (LON:TSCO) Insider Ken Murphy Acquires 32 Shares

Key Points

• Ken Murphy, an insider at Tesco, purchased 32 shares for a total value of £135.04, following previous acquisitions in July and June, indicating confidence in the company's prospects.
• Recently, Tesco's stock rose by 1.8% to reach GBX 431, with analysts setting new price targets between GBX 450 and GBX 460, suggesting a bullish outlook.
• The company currently holds a market cap of £28.07 billion and has received a consensus rating of "Buy" from analysts, reflecting a positive sentiment about its future performance.

Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy purchased 32 shares of the firm's stock in a transaction on Friday, August 29th. The shares were purchased at an average cost of GBX 422 per share, for a total transaction of £135.04.

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

• On Monday, July 7th, Ken Murphy purchased 34 shares of Tesco stock. The shares were purchased at an average cost of GBX 406 per share, for a total transaction of £138.04.
• On Friday, June 6th, Ken Murphy purchased 35 shares of Tesco stock. The shares were purchased at an average cost of GBX 392 per share, for a total transaction of £137.20.

Tesco Trading Up 0.5%

Shares of Tesco stock traded up GBX 2.20 during mid-day trading on Friday, hitting GBX 441. 1,139,013,500 shares of the stock were exchanged, compared to its average volume of 25,860,844. Tesco PLC has a twelve month low of GBX 310.30 and a twelve month high of GBX 442.60. The stock has a market capitalization of £28.72 billion, a price-to-earnings ratio of 1,875.80, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a 50-day simple moving average of GBX 418.07 and a 200 day simple moving average of GBX 384.17. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Analyst Ratings Changes

TSCO has been the topic of several recent analyst reports. Citigroup increased their price objective on shares of Tesco from GBX 395 to GBX 460 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on shares of Tesco from GBX 400 to GBX 450 and gave the stock an "overweight" rating in a report on Monday, September 1st. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Tesco currently has an average rating of "Buy" and an average price target of GBX 455.

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.