Ken Murphy Buys 29 Shares of Tesco (LON:TSCO) Stock

Tesco PLC (LON:TSCO) insider Ken Murphy bought 29 shares of Tesco stock in a transaction dated Friday, February 13th. The shares were bought at an average cost of GBX 482 per share, for a total transaction of £139.78.

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

• On Friday, January 16th, Ken Murphy bought 32 shares of Tesco stock. The stock was purchased at an average price of GBX 424 per share, with a total value of £135.68.
• On Friday, January 9th, Ken Murphy purchased 11,961 shares of Tesco stock. The shares were purchased at an average cost of GBX 418 per share, for a total transaction of £49,996.98.

Tesco Stock Performance

Shares of Tesco stock opened at GBX 490.40 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35. The stock’s fifty day moving average price is GBX 439.32 and its 200-day moving average price is GBX 440.34. The firm has a market cap of £31.17 billion, a P/E ratio of 21.60, a P/E/G ratio of 1.43 and a beta of 0.51. Tesco PLC has a 12 month low of GBX 310.30 and a 12 month high of GBX 495.28.

Analysts Set New Price Targets

Several analysts have issued reports on TSCO shares. JPMorgan Chase & Co. dropped their target price on Tesco from GBX 500 to GBX 480 and set a “buy” rating on the stock in a research report on Monday, January 12th. Jefferies Financial Group decreased their price objective on Tesco from GBX 450 to GBX 430 and set a “hold” rating for the company in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft cut their target price on Tesco from GBX 500 to GBX 490 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Finally, Shore Capital Group reissued a “buy” rating on shares of Tesco in a research report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average 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.