Tesco PLC (LON:TSCO) Insider Alan Stewart Buys 59 Shares

Tesco PLC (LON:TSCO) insider Alan Stewart acquired 59 shares of Tesco stock in a transaction on Friday, November 29th. The shares were bought at an average cost of GBX 235 ($3.07) per share, for a total transaction of £138.65 ($181.17).

Shares of LON:TSCO opened at GBX 230.70 ($3.01) on Tuesday. Tesco PLC has a 1 year low of GBX 187.05 ($2.44) and a 1 year high of GBX 293.40 ($3.83). The business has a 50 day simple moving average of GBX 237.11 and a two-hundred day simple moving average of GBX 232.07. The firm has a market capitalization of $22.53 billion and a PE ratio of 17.22. The company has a debt-to-equity ratio of 123.58, a current ratio of 0.80 and a quick ratio of 0.47.

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The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 10th were given a dividend of GBX 2.65 ($0.03) per share. The ex-dividend date was Thursday, October 10th. This represents a dividend yield of 1.1%. Tesco’s dividend payout ratio (DPR) is presently 0.52%.

Several equities research analysts have weighed in on TSCO shares. Sanford C. Bernstein reissued an “outperform” rating on shares of Tesco in a research note on Monday, September 23rd. Jefferies Financial Group boosted their price objective on Tesco from GBX 275 ($3.59) to GBX 285 ($3.72) and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Deutsche Bank reduced their price objective on Tesco from GBX 295 ($3.85) to GBX 285 ($3.72) and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Investec boosted their price objective on Tesco from GBX 255 ($3.33) to GBX 270 ($3.53) and gave the stock a “buy” rating in a research note on Wednesday, August 28th. Finally, Goldman Sachs Group boosted their price objective on Tesco from GBX 276 ($3.61) to GBX 280 ($3.66) and gave the stock a “buy” rating in a research note on Friday. Thirteen research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of GBX 285 ($3.72).

About Tesco

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,809 stores, as well as online.

Further Reading: Buy Rating

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