Key Points
- Insider buy: Tesco CEO Ken Murphy bought 29 shares on May 8 at GBX 466 each, totaling £135.14. He also purchased 29 shares in February at GBX 482.
- Analyst sentiment: Brokerages remain cautiously positive on Tesco, with an average rating of Moderate Buy and a consensus price target of GBX 478.75. JPMorgan and Deutsche Bank both recently raised their targets.
- Recent financials and stock snapshot: Tesco reported GBX 29.50 EPS on revenue of GBX 7.371 billion for the latest quarter. Shares recently opened at GBX 457.79, with the stock trading near its 50-day and 200-day moving averages.
Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy purchased 29 shares of the company's stock in a transaction on Friday, May 8th. The stock was bought at an average price of GBX 466 per share, for a total transaction of £135.14.
Ken Murphy also recently made the following trade(s):
- On Friday, February 13th, Ken Murphy bought 29 shares of Tesco stock. The shares were acquired at an average price of GBX 482 per share, for a total transaction of £139.78.
Tesco Stock Performance
Shares of TSCO opened at GBX 457.79 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.60 and a debt-to-equity ratio of 131.55. The firm has a market cap of £29.05 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.43 and a beta of 0.60. The company's 50 day simple moving average is GBX 476.85 and its 200-day simple moving average is GBX 459.09. Tesco PLC has a 12-month low of GBX 357.56 and a 12-month high of GBX 508.20.
Tesco (LON:TSCO - Get Free Report) last announced 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 for the quarter. Tesco had a net margin of 2.42% and a return on equity of 16.05%. As a group, equities analysts predict that Tesco PLC will post 27.374848 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on TSCO. JPMorgan Chase & Co. raised 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. Shore Capital Group restated a "buy" rating on shares of Tesco in a research report on Thursday, April 16th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Tesco from GBX 500 to GBX 525 and gave the stock a "buy" rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group restated a "hold" rating and set a GBX 430 target price on shares of Tesco in a research report on Thursday, April 16th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of GBX 478.75.
View Our Latest Stock Analysis 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. Serving our customers, communities and planet a little better every day is what we do.
Further Reading
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