TSCDY
Tesco PLC · Consumer Defensive
19.27
1.14%(-0.22)
Market OpenLast Updated: — ET
52W L: $12.1652W H: $20.54
$19.27
CHG+0.48 (+2.54%)
H$20.10
L$18.20
VOL2.3M
TSCDY (1h)
Tesco PLC · Consumer Defensive
Tesco share has done modestly well in the past few weeks and is hovering near its all-time high as traders wait for the upcoming financial results. It was trading at 487p on Tuesday, down slightly from the all-time high of 510p.
Shares of Tesco PLC (OTCMKTS:TSCDY - Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $18.85 and traded as high as $19.03. Tesco shares last traded at $19.03, with a volume of 364,111 shares trading hands. Analyst Upgrades and Downgrades TSCDY has
Shares in Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) opened higher on Wednesday as Rachel Reeves met the chief executives of the UK's biggest supermarkets to assess the risk of food price rises and supply shortages stemming from the Middle East conflict. Tesco shares were up 1.48% and Sainsbury's 1.19% as the chancellor sat down with the two grocers alongside Morrisons to gauge the potential impact on household costs in the coming months.
Analysts raise their outlook for the UK's biggest supermarket ahead of full-year results next month. Tesco PLC (LSE:TSCO), the UK's largest supermarket chain, has had its price target raised to 545p from 515p by analysts, who have also lifted their food inflation forecast to around 4% for 2026, up from a previous estimate of 3%.
Tesco , Britain's biggest food retailer, said on Wednesday it has reached an agreement with trade union USDAW to increase hourly pay rate for staff in stores and online fulfillment centers to 13.28 pounds an hour from March 29.
UBS has lifted its target price for Tesco PLC (LSE:TSCO), the UK's largest supermarket group, from 500p to 530p while reiterating a buy recommendation, arguing the retailer offers a rare combination of stability and growth at a time of heightened macroeconomic and geopolitical uncertainty. The bank's shares were trading at 472p when the note was published on Monday, leaving an implied upside of around 12% to the new target, with forecast total returns of around 16% including dividends.
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