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 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.
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.
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.
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) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
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 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.
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.
Citi has described Tesco PLC's (LSE:TSCO) latest executive changes as a modest positive, highlighting strong succession planning and renewed focus on higher-margin income streams. The reshuffle is expected to have a neutral to slightly positive impact on the shares.
Shoppers may be feeling the squeeze, but Britain's supermarket giants are holding their ground. According to a new note from RBC Capital Markets, Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) remain the best bets among the traditional “Big Four” grocers, despite fierce competition from discounters Aldi and Lidl.
Upgraded Tesco (TSCDY) to a buy rating due to improved fundamentals and attractive valuation, despite conservative FY26 guidance. Strong cost management and pricing strategy led to 8.6% y/y net income growth and increased market share in FY25. Retail media and data monetization efforts are scaling rapidly, potentially boosting earnings with high-margin revenue streams.