Insider Buying: Tesco PLC (LON:TSCO) Insider Buys £148,400 in Stock

Tesco PLC (LON:TSCO) insider Gerard Murphy bought 40,000 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of GBX 371 ($4.60) per share, with a total value of £148,400 ($183,913.74).

Tesco Stock Performance

Shares of Tesco stock opened at GBX 372.20 ($4.61) on Friday. The stock has a market capitalization of £25.35 billion, a price-to-earnings ratio of 1,378.52, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. 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 business has a 50-day moving average of GBX 366.20 and a 200 day moving average of GBX 353.29. Tesco PLC has a 12 month low of GBX 272.30 ($3.37) and a 12 month high of GBX 375.70 ($4.66).

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TSCO shares. Shore Capital reissued a “buy” rating on shares of Tesco in a research report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price target on shares of Tesco from GBX 410 ($5.08) to GBX 400 ($4.96) and set an “overweight” rating for the company 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.