Tesco Share Price: Headed For Another Decade High?
The Tesco share price (LON:TSCO) has struck new decade highs on multiple occasions this year. With its interim results due tomorrow, here's what investors can expect, and what it would take for the stock to keep smashing its ceiling.
Tesco share price bearish divergence points to a pullback
Tesco share price has pulled back in the past few weeks as the recent rally took a breather. It retreated from the all-time high of 445p on September 8 to 433p today.
Tesco winning despite grocery prices softening as own-brand goods see stronger demand
Tesco PLC (LSE:TSCO) was the big winner in the latest round of supermarket industry data, with Asda the only 'big six' chain to see sales shrink in recent weeks. The monthly report from Worldpanel, formerly known as Kantar, grocery price inflation softened slightly to 4.9% from 5.0% last month, the second month in a row that prices have retreated after growing for a while.
Tesco is a 'buy' as second half can raise cautious expectations - broker
Tesco PLC (LSE:TSCO) remains on Shore Capital's Buy list with analysts describing the UK supermarket operator as a “consummate cash compounder” heading into its interim results next month. Despite pressures from rising UK food inflation, competition from Asda and ongoing government cost headwinds, the broker believes Tesco's defensive investment strategy has supported relative price positioning and underpinned market share gains.
Tesco: Still more in the trolley
Tesco PLC (LSE:TSCO) turnaround story is no longer a secret, but investors might still be underestimating just how much further the supermarket giant can go. Analysts at JPMorgan have dusted off their shopping list and put Tesco back on Positive Catalyst Watch, their way of flagging potential near-term upside.
Tesco backed as a winner in the grocery wars
Deutsche Bank has started coverage on the UK's two biggest listed supermarkets, rating Tesco PLC (LSE:TSCO) a 'buy' with a target price of 470p and J Sainsbury PLC (LSE:SBRY) a 'hold' with a 310p target. It says the sector is facing ongoing competition and cost pressures, but the major players are holding their ground on value and market share.
Is Tesco gaining ground as food inflation edges higher?
Citi has given Tesco PLC (LSE:TSCO) a fresh vote of confidence following the latest round of industry data, arguing that the UK's biggest grocer is set to keep winning market share even as food prices rise. The American bank's team points to the latest Kantar figures, which showed grocery inflation picking up to 5.2% in the four weeks to mid-July, up from a 4.2% twelve-week average.
Are Investors Undervaluing Tesco (TSCDY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Tesco (TSCDY) Upgraded to Strong Buy: Here's What You Should Know
Tesco (TSCDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Tesco holds guidance steady as sales growth improves despite 'intense' grocery competition
Tesco PLC (LSE:TSCO) held its full-year guidance steady despite what it called an "intensely competitive" grocery market, as it turned in a first-quarter update that showed stronger like-for-like sales growth than the past year. LFL sales were up 4.6% to £16.4 billion for the 13 weeks to 24 May 2025, led by 5.5% growth in Ireland and 5.1% growth for the rest of the UK.
Tesco set to report stronger-than-expected progress, says investment bank as it digs into the primary data
Tesco PLC (LSE:TSCO) is expected to report a 4.6% increase in UK like-for-like sales for the first quarter of fiscal 2026 on Thursday (June 11), according to a research note from Citi. This projection is above the 3.6% consensus estimate from Visible Alpha and reflects strong consumer demand over March, April, and May, as indicated by data from Kantar.
Will Tesco's quarterly update show signs of competitive pressures from Asda?
Tesco PLC (LSE:TSCO) will deliver a first-quarter trading update on Thursday 12 June, with investors watching closely for signs of how the UK's largest supermarket is navigating an increasingly competitive grocery market. In April, Ken Murphy, chief executive of the FTSE 100-listed grocer, warned that profits will fall this year in as he issued guidance that was seen as cautious but still aggressive.
