Tesco PLC (LON:TSCO) Insider Buys £138.18 in Stock

Tesco PLC (LON:TSCO) insider Ken Murphy purchased 49 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of GBX 282 ($3.51) per share, for a total transaction of £138.18 ($172.02).

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

• On Friday, March 15th, Ken Murphy acquired 48 shares of Tesco stock. The stock was bought at an average cost of GBX 288 ($3.59) per share, for a total transaction of £138.24 ($172.09).
• On Friday, February 16th, Ken Murphy acquired 49 shares of Tesco stock. The stock was bought at an average cost of GBX 277 ($3.45) per share, for a total transaction of £135.73 ($168.97).
• On Friday, January 19th, Ken Murphy acquired 47 shares of Tesco stock. The stock was bought at an average cost of GBX 298 ($3.71) per share, for a total transaction of £140.06 ($174.36).

Tesco Stock Performance

LON TSCO opened at GBX 280.80 ($3.50) on Wednesday. The stock has a market capitalization of £19.77 billion, a PE ratio of 1,404.00, a P/E/G ratio of 3.35 and a beta of 0.52. The business has a 50 day simple moving average of GBX 285.10 and a two-hundred day simple moving average of GBX 284.52. The company has a debt-to-equity ratio of 129.69, a current ratio of 0.74 and a quick ratio of 0.60. Tesco PLC has a 1-year low of GBX 244.20 ($3.04) and a 1-year high of GBX 306.10 ($3.81).

Tesco Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, May 16th will be issued a dividend of GBX 8.25 ($0.10) per share. This represents a yield of 2.87%. The ex-dividend date of this dividend is Thursday, May 16th. This is a boost from Tesco’s previous dividend of $3.85. Tesco’s dividend payout ratio (DPR) is currently 5,500.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Shore Capital reaffirmed a “buy” rating on shares of Tesco in a research note on Wednesday, April 10th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 350 ($4.36) target price on shares of Tesco in a research report on Thursday, April 11th.

Tesco Company Profile

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.