Tesco (LON:TSCO) Insider Ken Murphy Purchases 31 Shares

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 31 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were bought at an average cost of GBX 456 per share, with a total value of £141.36.

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

• On Friday, May 8th, Ken Murphy bought 29 shares of Tesco stock. The shares were acquired at an average cost of GBX 466 per share, with a total value of £135.14.

Tesco Trading Down 0.2%

Shares of TSCO stock traded down GBX 0.90 during mid-day trading on Monday, reaching GBX 453.40. The company’s stock had a trading volume of 188,639,172 shares, compared to its average volume of 43,294,961. The company’s 50 day simple moving average is GBX 468.68 and its 200-day simple moving average is GBX 458.20. The firm has a market capitalization of £28.60 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.43 and a beta of 0.60. Tesco PLC has a 12-month low of GBX 382.42 and a 12-month high of GBX 508.20. The company has a quick ratio of 0.60, a current ratio of 0.59 and a debt-to-equity ratio of 131.55.

Tesco (LON:TSCO) last posted its earnings results on Thursday, April 16th. The retailer reported GBX 29.50 earnings per share (EPS) for the quarter. The business had revenue of GBX 7,371 million during the quarter. Tesco had a return on equity of 16.05% and a net margin of 2.42%. On average, research analysts predict that Tesco PLC will post 27.374848 EPS for the current fiscal year.

Analyst Ratings Changes

TSCO has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their target price on shares of Tesco from GBX 480 to GBX 500 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 430 price target on shares of Tesco in a research note on Thursday, April 16th. Shore Capital Group reiterated a “buy” rating on shares of Tesco in a report on Thursday, April 16th. Finally, Deutsche Bank Aktiengesellschaft upped 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 Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 478.75.

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.