Founded from a market stall in London's East End in 1919, Tesco has grown into one of the world's largest retailers with thousands of stores across Europe and Asia. Headquartered in Cheshunt, England, the grocer has the largest share of the domestic market and sells everything from food and drink, to furniture, electronics and petrol.
Tesco Plc Ord 5P is listed on the London Stock Exchange trading with ticker code TSCO.L, and is part of the Household Utilities sector. It has a market capitalisation of £1,363,652m, with approximately 8,188m shares in issue. Over the last year, Tesco share price has been traded in a range of 66.6, hitting a high of 219.40, and a low of 152.80.
Tesco, officially known as Tesco Plc Ord 5P was formed in November of 1947, making the company seventy years old. The company filed its latest accounts on 28th February 2015, showing a turnover of approximately 62.28 billion GBX, and a pre-tax profit margin of -10.24%. Tesco currently has 8 directors, and has had 40 previous directors over the last 70 years. In the last set of accounts produced by Pricewaterhousecoopers Llp, the company showed 8.27 billion paid in salaries to the staff, with the directors receiving an average 941 thousand each. In the accounts filed in 2015, the company paid 914000000 in dividends, or 0.1116 per share. These accounts also showed Tesco to have a net worth of 3.30 billion, with 2.17 billion held in cash.
|Ocado Group Plc (OCDO.L)|
|Sports Direct International Plc (SPD.L)|
|Standard Chartered Plc (STAN.L)|
|Centrica Plc (CNA.L)|
|Booker Group Plc (BOK.L)|
|Shares in Issue||8,188m|
|52 Week High||219.40|
|52 Week Low||152.80|
Tesco Plc is a ‘Hold’ at the current price levels, but the stock might also head for a small correction towards downside and will start consolidating then. The company announced its half yearly 2017 results last week, on 5th October 2016. (Read more)
Tesco PLC is a ‘Buy’ with a potential upside of up to 40% from the current price levels. The stock finished trading on London stock exchange on 20th April at 182 p a share. Post the announcement of fiscal 2016 results, the stock headed towards some correction as the stock has fallen by 10% post the fiscal 2016 financial results. However, any correction or a dip in stock can be an opportunity to buy for a value investor. In the terms of technical outlook, the stock has been trading below its 20 day and 50 day moving average of 190 p and 186 p respectively. However the stock has been trading above its 100 day moving average of 171 p. Therefore, the immediate support level for the stock is at 100 DMA i.e. 171 pence. We expect the stock to be range bound between 177p-200p in the coming quarters and months. Hence, the traders should watch these levels and trade with caution. Based on earnings estimates for the company's fiscal year ending in December 2017, the stock has a price-to-earnings ratio of 20.82 which is pretty high compared to FTSE100 12 month forward P/E of 13.37. Tesco Plc has a consensus rating of ‘hold’ and a consensus target price of 196 p. (Read more)
Tesco PLc is a ‘Hold’ and is fairly priced at the current price levels, as we don’t see much upside in the stock. Tesco Plc has been trading in a range between 137p-252p over the past one year. Based on earnings estimates for the company's fiscal year ending in March 2017, the stock has a price-to-earnings ratio of 21.6, according to Morningstar.com. This is slightly higher compared to FTSE 100 forward P/E of 13.3. The stock finished trading on London stock exchange at 190 p on 1st April 2016. In the terms of technical analysis, the stock has been trading above its 20 day, 50 day and 100 day moving average of 191p, 180p and 170p respectively. The stock has a strong resistance at 201 pence and immediate support is at 188 pence. However, the traders shall watch the support and resistance levels and hedge their positions accordingly. (Read more)