Share Name Share Symbol Market Type Share ISIN Share Description
Tesco Plc LSE:TSCO London Ordinary Share GB00BLGZ9862 ORD 6 1/3P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 229.00 12,938,883 16:29:38
Bid Price Offer Price High Price Low Price Open Price
229.00 229.10 230.70 226.70 229.10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food & Drug Retailers 61,344.00 2,033.00 19.34 11.8 17,597
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:39 O 71 229.10 GBX

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Date Time Title Posts
11/3/202215:26TESCO (MODERATED)124

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Posted at 07/12/2022 08:20 by Tesco Daily Update
Tesco Plc is listed in the Food & Drug Retailers sector of the London Stock Exchange with ticker TSCO. The last closing price for Tesco was 229p.
Tesco Plc has a 4 week average price of 221.90p and a 12 week average price of 194.35p.
The 1 year high share price is 304.10p while the 1 year low share price is currently 194.35p.
There are currently 7,684,227,120 shares in issue and the average daily traded volume is 22,793,389 shares. The market capitalisation of Tesco Plc is £17,596,880,104.80.
Posted at 30/11/2022 18:34 by helen troy
Another 1.2m shares bought back today. Didn't seem to help the share price. A huge volume of 29m shares traded.
Posted at 15/11/2022 11:10 by swallowsflysouth
While the impact of covid, Ukraine war and Brit-exit have all had an adverse impact on food prices, i suspect that the changing environment has had the biggest impact on food prices and will continue to do so. I'm not sure where that leaves supermarkets as they are already intensely competitive. Shop lifting in supermarkets i guess will become a growth business. The area i live in did have the most profitable Tesco's in the country (might still be the most profitable) because it is a wealthy area and has a lack of local supermarkets. It recently expanded the store and sells items other than food and alcohol. That new area is also doing very well as there is also a lack of choice and reasonably priced local clothes shops. I rather think that Tesco will keep abreast of the best direction to head in and will follow the 'Which' report recommendations. However, due to circumstances beyond Tesco's control we will have a growing number of people who must go to food banks for help as buying food is going to be unattainable for them, those in need will be those who can afford food but have to cut back on buying Tesco's 'finest' products and buy more of their 'basic' products, I have noticed in my area that more cheaper products are being bought and that more people are paying with cash rather than card and the food bank box does not seem to overflow as it use to (could just be is getting emptied more frequently ?)
I think Tesco is smart enough to move with the times and over the next few years increase their share of the market.

Posted at 07/11/2022 09:09 by yump
Share price moving back into a fairly obvious range, unless the funds start buying.
Posted at 24/10/2022 19:12 by clive7878
So is Tescos share price beginning to pick up now?
Posted at 10/10/2022 10:33 by richie1218
Tesco shares higher after leading investment bank lends its support to the investment thesis
Barclays Capital repeated its 'overweight' recommendation on the stock

Shares in the supermarket chain Tesco PLC (LSE:TSCO) were 1.5% higher after an upbeat note from Barclays Capital that provided some support for the stock in the wake of last week’s interims.

The first-half figures were accompanied by a warning that its operating profit would be towards the lower end of guidance for 2022.

This was counterbalanced (to an extent) by an upgrade to its forecast for free cash flow.

Against a backdrop of rocketing inflation and the cost-of-living squeeze, Barclays reckoned the food retailer’s performance had been resilient.

“Tesco's 1H [first half] results were not rewarded in terms of the short-term share price reaction, but we think that if the company can continue to broadly hold its market share steady and generate cash within its target range then the shares will be re-rated over time,” the investment banking arm of the high street lender said.

It repeated its ‘overweight217; recommendation and 325p a share price target.

Mid-morning the shares were up 3p at 203.7p.

Posted at 07/10/2022 09:28 by yump
The whole stock market has changed over the last 20 years. Now you can make very good profits without risking smaller stocks, because even the larger businesses experience crazy swings in share price between overblown and silly cheap. Presumably that's because of algorithmic trading and the "me-too" behaviour of funds, which is often arbitrary. Plus the apparent increase in pi traders, which results in stop-loss selling etc. etc.

Being a pi means you can easily sell or buy near the peaks and troughs. None of the larger businesses are going to grow rapidly, so you'll hardly ever lose out on massive gains after you book a profit.

The trick I reckon is to take plenty of notice of the analysts and commentators, because they get most pessimistic near the bottom and vice-versa.

They are not very original thinkers and most don't want to stick out as being different. So you don't get big buy recommendations near the bottom and you don't get big sell recommendations near the top.

You do need however, some appreciation of whether a business is actually sound or not - that's the tricky bit. I had some Carillion once and forgot to look at the margins and the cash flow ! Similarly the movement to online destroyed a lot of slow-moving and badly managed retail.

The threat of online is still being used by analysts and commentators, but its old news.

Posted at 06/10/2022 11:18 by richie1218
Can Tesco shares go much lower? Tesco share slide indicates UK retail pressures.

It has been a bad couple of months for Tesco (TSCOI). The supermarket giant has seen its share price hit a five-year low.

The share price currently languishes around the 202p mark; compared to a previous low of 223p back in November 2017.

And in late August this year, the stock was priced around 270p before a steady descent to the current level.

The latest dip in share price follows Tesco trimming its profit forecasts for the year.

It now expects adjusted retail profits to come in at between £2.4bn and £2.5bn. Tesco had previously indicated they could go as high as £2.6bn.

In its interim results this week Tesco revealed adjusted operating profit was £1.24bn - down 10% from £1.38bn last year.

The company also confirmed it would freeze the price of over 1,000 items until 2023 to help customers through the current cost-of- living crisis.

This move has demonstrated that the company is prepared to sacrifice some profit in favour of protecting market share.

Russ Mould, investment director at AJ Bell argues that in an environment where consumers are being assailed from all sides by mounting energy bills, rising interest rates and higher costs for all manner of goods and services, companies selling essential staples rather than discretionary items are better placed.

“However, that doesn’t mean Tesco is immune from the weak consumer backdrop as its modestly lowered profit guidance reveals,” he says.

“Tesco has to try and offer attractive prices to stave off the competitive threat from the German discounters Aldi and Lidl and while it can rely on its purchasing power to some extent, it is still having to sacrifice margins to meet this challenge.

“On the plus side, Tesco is entering a difficult period with a decent market position and solid balance sheet”.

However, Mould adds that it is hard to see the coming months as anything other than extremely difficult, with cost inflation affected not only by higher energy and labour costs but also the cost of importing goods from overseas thanks to the lower sterling.

“The profitability of its online shopping business, which seemed to finally come into its own during the pandemic, will also be affected as smaller basket sizes still cost the same to deliver,” he says.

Sector-wide pressures
Danni Hewson, financial analyst at AJ Bell also predicts tough times for Tesco - and other UK retailers in the same space.

“Tesco’s whopping fall in pre-tax profits and warnings that shoppers are watching every penny sent its shares tumbling and pulled Sainsbury (SBRY) and Ocado (OCDO) down with it.

“Concerns about how far consumers might have to cut back when all of winter’s pressures get a grip is a big worry for all retailers and with bellwether Next (NXT) sending up warning flares, the upcoming earnings season is likely to deliver quite the blow to market sentiment”.

With Tesco at such a low valuation, does it offer investors an opportunity to buy the blue chip stock on the cheap?

While there could be more pain in store for Tesco yet, for those seeing the company as a long-term play, there could be some value to be had at the current price level.

Marketbeat shows the consensus analyst rating for Tesco is a ‘moderate buy’ with a consensus target price of 310.83p.

Posted at 04/10/2022 10:35 by loganair
Not just the price of milk has been kept artificially low, also the price of bread, basically these are almost like price caps.

Over the long run, just letting market forces decide prices is always the best way to go as it balances demand with supply however once the artificially low price can no longer be kept low these prices then quickly shoot up to become unaffordable.

Posted at 20/9/2022 19:01 by konradpuss
What does 'Mr Market' think he knows about the short term future of the trading at Tesco?

Maybe there has been a mass exodus to Aldi/Lidl? If so there would have been a profits warning.

It's getting into private equity territory at this share price - it might well go lower.

Posted at 16/9/2022 18:14 by konradpuss
A very big volume today with almost no movement in the share price.

With the pound way down, do not write off a bid although unlikely after the bloody nose the private equity mob are getting over at Morrisons.

Tesco share price data is direct from the London Stock Exchange
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