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 £1,448,803m, with approximately 8,188m shares in issue. Over the last year, Tesco share price has been traded in a range of 60.4, hitting a high of 219.40, and a low of 159.00.
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.
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|Shares in Issue||8,188m|
|52 Week High||219.40|
|52 Week Low||159.00|
Tesco Plc. is an avoid at the current level for the time being as the stock has been falling continuously for the last few days and we expect the correction to continue. Traders or investors are not adviced to initiate fresh positions or fresh longs in Tesco Plc., till the stock starts consolidating. The stock finished trading on the London stock exchange at 166.1p on 24th June, down by 0.27% compared to the previous close. A few days back, the stock has formed ‘Bearish engulfing’ candle and the next day the bears took the charge by piercing a day before low as well and the stock continued to fall. Therefore, in terms of technical analysis or charting the trend looks weak. The stock has been trading on the lower side of the Bollinger band, which is another sign of a bearish trend. The momentum oscillators like RSI and MACD also points out towards the downside. Although, the RSI is at 27 which also indicates that the stock is in oversold zone now and shall bounce back soon. Hence, investors shall wait for a strong trend reversal sign before building any fresh long positions. The stock is likely to have a support at 165p, but if it is not able to sustain the support zone of 165p as well, the stock may test the lows of up to 154p. (Read more)
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)