Streetbeat News

TSCDY

Tesco plc

https://www.tescoplc.com

CEO

David Lewis

Open

12.55

Mkt cap

28B

Volume

116K

High

12.65

P/E Ratio

12.14

52-wk high

15.16

Low

12.53

Div yield

0.04

52-wk low

10.54

Supermarket Income REIT PLC shares are considered valuable by Stifel, which reiterated a 'buy' recommendation with a 70p price target. The REIT has been active with portfolio changes, including selling a Tesco store, renewing leases on three Tesco sites, and acquiring Carrefour supermarkets in France.

Portfolio Pulse from

February 24, 2025 | 12:15 pm

Marks and Spencer Group PLC was downgraded by analysts due to risks from a muted UK jobs market, while Tesco and Sainsbury are preferred for their potential market share gains.

Portfolio Pulse from

February 05, 2025 | 2:00 pm

The article discusses Tesco's digital transformation strategies, innovation programs, and technology initiatives, providing insights into the company's tech activities.

Portfolio Pulse from

February 04, 2025 | 9:45 am

Tesco PLC and J Sainsbury PLC gained market share as supermarket inflation in the UK slowed, with prices rising by 3.3% in January compared to 3.7% in December.

Portfolio Pulse from

February 04, 2025 | 9:30 am

Tesco PLC plans to cut 400 jobs across various departments to streamline operations amid rising competition in the grocery sector.

Portfolio Pulse from

January 29, 2025 | 2:30 pm

Tesco and Sainsbury's are expected to pass on higher costs to consumers to maintain profits. Despite a recent £1.5 billion drop in their valuations due to profit squeeze concerns, JPMorgan suggests buying the dip, citing positive forecasts and market dynamics.

Portfolio Pulse from

January 13, 2025 | 1:00 pm

J Sainsbury has been underperforming compared to Tesco but is gaining market share despite challenges from discounters. The company's shares are considered cheap, and its Christmas trading performance has been strong, leading to a rating upgrade.

Portfolio Pulse from

January 12, 2025 | 4:45 am

Tesco shares have increased significantly since October 2022, but macroeconomic challenges such as rising inflation and higher costs could pressure margins. Despite strong sales growth, the current stock price does not justify a Buy rating.

Portfolio Pulse from

January 11, 2025 | 7:15 am

The article compares Tesco PLC (TSCDY) and Walmart (WMT) to determine which is a better value stock for investors interested in the Retail - Supermarkets sector.

Portfolio Pulse from

January 10, 2025 | 6:00 pm

Tesco PLC decided not to upgrade its full-year profit and cash flow guidance despite strong Christmas trading, focusing on long-term investment. Group sales rose by 3.1% for the 19 weeks to January 4, with an emphasis on maintaining value and quality for customers.

Portfolio Pulse from

January 09, 2025 | 4:15 pm

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