Insider Buying: Tesco PLC (LON:TSCO) Insider Purchases £2,605.70 in Stock

Tesco PLC (LON:TSCO) insider Bertrand Bodson bought 734 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average price of GBX 355 ($4.51) per share, with a total value of £2,605.70 ($3,307.57).

Tesco Trading Up 2.3 %

Shares of Tesco stock opened at GBX 366.20 ($4.65) on Friday. Tesco PLC has a 1 year low of GBX 272.30 ($3.46) and a 1 year high of GBX 373.90 ($4.75). The company has a debt-to-equity ratio of 126.42, a current ratio of 0.81 and a quick ratio of 0.60. The stock has a market cap of £24.94 billion, a PE ratio of 1,356.30, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The firm has a fifty day moving average price of GBX 354.86 and a 200 day moving average price of GBX 335.38.

Tesco Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were paid a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date of this dividend was Thursday, October 10th. This represents a dividend yield of 1.2%. Tesco’s payout ratio is currently 4,814.81%.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “buy” rating on shares of Tesco in a report on Tuesday, September 3rd.

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary. It offers grocery products through its stores, as well as online. The company is also involved in the food and drink wholesaling activities.