Tesco Share (LON:TSCO) Share Price
Name: Tesco Share (LON:TSCO)
Description: There’s a lot to like about Tesco (LON:TSCO) shares right now. Thanks to a strong focus on its customers, its profits are rising. Meanwhile, the company is rewarding investors with attractive dividends and share buybacks. On the downside, discount supermarkets like Aldi and Lidl do present a risk to the company. However, with the shares trading at a relatively low earnings multiple, the risk/reward skew looks attractive. 24/11/23
Summary
Today’s Tesco share price (LON:TSCO) as of 01/12/2023 16:45 is 279.6p which is a change of -6.2 or -2.17% from the last closing price of 279.6 with 13,377,514 shares traded giving LON:TSCO a market capitalisation of £24,989,210,000. The most recent daily high has been 283.6 and daily low 278.8. The LON:TSCO share price 52 week high has been 307.23 and the 52 week low 219.96. Based on the most recent LON:TSCO share price opening of 279.6, the current LON:TSCO EPS (earnings per share) are 0.19 and the PE (price earnings ratio) is 14.35.
Pros
- Strong recent results
- A defensive company
- Attractive dividend yield
Cons
- Low profit margins
- Lots of competition
- Has debt on its balance sheet
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Research & Analysis
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Overall
4
Despite consumers being forced to spend less, Tesco is bucking the trend and their shares are up over 70% since the beginning of the year. In this analysis, I take a look at why Tesco shares have been going up and if they are a good buy for your portfolio. Tesco is a consumer staples
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The City is not highly bullish on Tesco in today’s economic climate. This is understandable. However, could the market be discounting an overly-negative economic outcome? Compared to a year ago, only half of the investment community are still maintaining a ‘Outperform’ rating on Tesco (12 to 7); while 6 brokers have put out a ‘Hold’
Fundamentals of a stock matter. But occasionally, macro factors will overwhelm these fundamentals. In 2022, investors were more concerned about the impact of inflation, war in Ukraine, cost-of-living crisis, et cetera. As a result, they are marking down most stocks. Tesco could not escape from this wholesale de-rating of UK stocks. By some measures, Tesco could
Is Tesco (LON:TSCO) a good investment in the long term?
Tesco results boost the share price, but it’s still worth waiting for more consolidation before topping up. Tesco reports sales growth over Christmas (+7.9%) Grocer maintains FY profit guidance (£2.4 billion) Tesco shares up sharply since last October as the market re-rated the supermarket Tesco (LON:TSCO) is the British answer to America’s Walmart (see our