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 £1,676,829m, with approximately 8,188m shares in issue. Over the last year, Tesco share price has been traded in a range of 49.7, hitting a high of 215.05, and a low of 165.35.
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||215.05|
|52 Week Low||165.35|
Tesco Plc. is a hold at the current price levels as the stock has had a spectacular rally since July this year and it looks like the rally shall continue! The stock finished trading on the London Stock exchange on 24th October at 188.0p a share, up by 0.3%. The company announced its half yearly 2018 results on 4th October and the stock was down by nearly 5% the same day. However, the next day onwards the sentiment picked up and stock has been again rising. In terms of technical analysis or charting, the stock has been trading on the upward trend line for the last four months. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and 100 DMA of 186p, 184p and 179p respectively. The stock has been nonstop making higher highs and lower lows which further confirm the bullish trend of the stock. The immediate support and resistance of the stock is seen at 185p and 190p respectively. Any breakout above 190p would take the stock up to 215p. Therefore, traders or investors need to keep an eye at the respective levels and accordingly hedge their positions. (Read more)
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)