Insider Buying: Tesco PLC (LON:TSCO) Insider Buys 734 Shares of Stock

Tesco PLC (LON:TSCO) insider Bertrand Bodson bought 734 shares of the stock in a transaction on Friday, November 22nd. The shares were bought at an average cost of GBX 355 ($4.46) per share, for a total transaction of £2,605.70 ($3,272.67).

Tesco Price Performance

Shares of LON:TSCO traded down GBX 0.40 ($0.01) during trading hours on Tuesday, hitting GBX 351.80 ($4.42). 87,158,680 shares of the company’s stock traded hands, compared to its average volume of 20,280,088. Tesco PLC has a 52 week low of GBX 272.30 ($3.42) and a 52 week high of GBX 373.90 ($4.70). The company has a debt-to-equity ratio of 126.42, a quick ratio of 0.60 and a current ratio of 0.81. The company’s fifty day simple moving average is GBX 355.46 and its two-hundred day simple moving average is GBX 334.43. The company has a market cap of £23.96 billion, a price-to-earnings ratio of 1,304.44, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

Tesco Cuts Dividend

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

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Tesco in a research note 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.