Insider Buying: Tesco PLC (LON:TSCO) Insider Buys 35 Shares of Stock

Tesco PLC (LON:TSCO) insider Ken Murphy acquired 35 shares of the business’s stock in a transaction on Friday, February 14th. The stock was purchased at an average cost of GBX 395 ($4.98) per share, with a total value of £138.25 ($174.43).

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

• On Friday, January 17th, Ken Murphy purchased 38 shares of Tesco stock. The shares were acquired at an average price of GBX 364 ($4.59) per share, for a total transaction of £138.32 ($174.51).

Tesco Stock Performance

TSCO opened at GBX 397 ($5.01) on Tuesday. The firm has a market capitalization of £26.49 billion, a PE ratio of 20.78, a PEG ratio of 1.43 and a beta of 0.51. Tesco PLC has a twelve month low of GBX 272.80 ($3.44) and a twelve month high of GBX 398.10 ($5.02). The firm’s 50-day moving average price is GBX 367.30 and its 200 day moving average price is GBX 357.38. The company has a current ratio of 0.81, a quick ratio of 0.60 and a debt-to-equity ratio of 126.35.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of Tesco from GBX 410 ($5.17) to GBX 400 ($5.05) and set an “overweight” rating on the stock in a research report on Monday, January 13th.

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.