Key Points
- Tesco insider Ken Murphy bought 29 shares at GBX 475 each, totaling £137.75, following a separate £136.80 purchase in August.
- Tesco shares opened at GBX 480.40, with a £29.92 billion market capitalization and a 12-month trading range of GBX 411.70 to GBX 520.60.
- Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of GBX 481.25, though recent target changes and ratings were mixed.
Tesco PLC (LON:TSCO - Get Free Report) insider Ken Murphy bought 29 shares of Tesco stock in a transaction dated Friday, September 25th. The shares were acquired at an average price of GBX 475 per share, with a total value of £137.75.
Ken Murphy also recently made the following trade(s):
- On Friday, August 28th, Ken Murphy purchased 30 shares of Tesco stock. The stock was bought at an average price of GBX 456 per share, with a total value of £136.80.
Tesco Trading Up 1.4%
TSCO opened at GBX 480.40 on Tuesday. The stock has a market capitalization of £29.92 billion, a PE ratio of 17.73, a P/E/G ratio of 1.43 and a beta of 0.57. The firm's fifty day moving average price is GBX 471.26 and its 200 day moving average price is GBX 468.98. The company has a debt-to-equity ratio of 131.55, a current ratio of 0.59 and a quick ratio of 0.60. Tesco PLC has a 12-month low of GBX 411.70 and a 12-month high of GBX 520.60.
Wall Street Analysts Forecast Growth
TSCO has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on shares of Tesco from GBX 500 to GBX 490 and set an "overweight" rating on the stock in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft boosted their price objective on Tesco from GBX 500 to GBX 525 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Finally, Shore Capital Group cut Tesco to a "hold" rating and cut their price objective for the company from GBX 525 to GBX 480 in a research note on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Tesco presently has a consensus rating of "Moderate Buy" and an average target price of GBX 481.25.
Check Out Our Latest Analysis on Tesco
About Tesco
(
Get Free Report)
Tesco was built to be a champion for customers, serving them every day with affordable, healthy and sustainable food. Across the Group, our purpose is at the core of what we do: serving our customers, communities and planet a little better every day.
Our fantastic team of over 340,000 colleagues go above and beyond to serve our customers. We work hard to be a place where everyone is welcome, where all colleagues can be at their best and build the skills to grow their careers.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
