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

Tesco PLC (LON:TSCO) insider Bertrand Bodson bought 734 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average price of GBX 355 ($4.50) per share, with a total value of £2,605.70 ($3,303.37).

Tesco Stock Up 2.1 %

TSCO opened at GBX 357.90 ($4.54) on Thursday. Tesco PLC has a one year low of GBX 272.30 ($3.45) and a one year high of GBX 373.90 ($4.74). 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 stock has a market capitalization of £24.37 billion, a P/E ratio of 1,325.56, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The business’s 50-day simple moving average is GBX 354.92 and its 200-day simple moving average is GBX 334.95.

Tesco Cuts Dividend

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

Wall Street Analyst Weigh In

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