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Gerard Murphy Buys 40,000 Shares of Tesco PLC (LON:TSCO) Stock

Tesco logo with Consumer Defensive background

Tesco PLC (LON:TSCO - Get Free Report) insider Gerard Murphy bought 40,000 shares of the company's stock in a transaction dated Wednesday, January 29th. The shares were purchased at an average price of GBX 371 ($4.56) per share, with a total value of £148,400 ($182,331.98).

Tesco Trading Down 0.4 %

Shares of Tesco stock traded down GBX 1.50 ($0.02) during trading on Friday, hitting GBX 372.20 ($4.57). 15,488,614 shares of the company were exchanged, compared to its average volume of 15,922,898. The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The firm has a market capitalization of £25.35 billion, a P/E ratio of 1,378.52, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The firm's fifty day moving average price is GBX 366.63 and its 200 day moving average price is GBX 354.03. Tesco PLC has a 1-year low of GBX 272.30 ($3.35) and a 1-year high of GBX 375.70 ($4.62).

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TSCO. JPMorgan Chase & Co. lowered their price target on shares of Tesco from GBX 410 ($5.04) to GBX 400 ($4.91) and set an "overweight" rating for the company in a research report on Monday, January 13th. Shore Capital reaffirmed a "buy" rating on shares of Tesco in a research note on Tuesday, December 10th.

Check Out Our Latest Stock Report on TSCO

About Tesco

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Tesco (LON:TSCO)

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