Ken Murphy Buys 32 Shares of Tesco (LON:TSCO) Stock

Tesco PLC (LON:TSCO) insider Ken Murphy purchased 32 shares of Tesco stock in a transaction dated Friday, January 16th. The stock was acquired at an average cost of GBX 424 per share, with a total value of £135.68.

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

• On Friday, January 9th, Ken Murphy bought 11,961 shares of Tesco stock. The stock was acquired at an average cost of GBX 418 per share, with a total value of £49,996.98.
• On Friday, October 24th, Ken Murphy purchased 30 shares of Tesco stock. The shares were bought at an average cost of GBX 454 per share, for a total transaction of £136.20.

Tesco Stock Performance

Shares of TSCO opened at GBX 424.60 on Thursday. The company has a 50-day simple moving average of GBX 440.52 and a 200-day simple moving average of GBX 436.31. The company has a quick ratio of 0.60, a current ratio of 0.81 and a debt-to-equity ratio of 126.35. The company has a market capitalization of £27.01 billion, a PE ratio of 18.70, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco PLC has a 52-week low of GBX 310.30 and a 52-week high of GBX 480.90.

Analyst Ratings Changes

TSCO has been the subject of several research reports. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Thursday, October 2nd. Deutsche Bank Aktiengesellschaft cut their target price on shares of Tesco from GBX 500 to GBX 490 and set a “buy” rating for the company in a research report on Thursday, January 8th. Jefferies Financial Group reduced their price target on shares of Tesco from GBX 450 to GBX 430 and set a “hold” rating on the stock in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Tesco from GBX 500 to GBX 480 and set a “buy” rating for the company in a research note on Monday, January 12th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 465.

About Tesco

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. Serving our customers, communities and planet a little better every day is what we do.