Day Trading Goal
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
  • Investing
  • Economy
  • Editor’s Pick
  • Latest News
No Result
View All Result
Day Trading Goal
No Result
View All Result
Home Investing

Will the Tesco share price hit 500p as growth continues?

admin by admin
October 2, 2025
in Investing
0
Will the Tesco share price hit 500p as growth continues?
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Tesco share price remained in a tight range on Thursday after the company published strong financial results and lifted its outlook. TSCO was trading at 435p, down slightly from the year-to-date high of 448p. It has jumped by over 40% from its lowest level this year.

Tesco reports strong financial results

Tesco, the biggest retailer in the UK, is doing well even as the economy remains in a stagflation. Stagflation refers to a situation where an economy is slowing while inflation is high. 

Recent macro numbers have shown that the UK’s inflation rose to 3.6% in August. The economic growth has stalled this year because of high interest rates and taxes, and low productivity growth. 

In a statement, Tesco said that its group sales jumped to £33 billion in the year’s first half, up by 5.1% from the same period last year. Also, the adjusted operating profit rose slightly to £1.67 billion. 

Most importantly, the company said that its free cash flow rose by 2.9% to £1.2 billion. Notably, Tesco continued to boost its market share by 77 basis points to 28.4%. 

It has gained market share for 28 consecutive weeks, with its brand perception increasing. The market share gain is mostly because of its strong branch presence in the UK, where it has almost 3,000 stores. 

Tesco also benefits from its scale, which helps it to negotiate with suppliers at friendlier terms. This market positioning has helped it to match its prices with that of other companies like Asda. In a statement, Ken Murphy, the CEO said:

“Competitive intensity remains high, and with continued pressure on household budgets, we remain committed to ensuring customers get the best possible value by shopping at Tesco.”

Tesco’s business has also benefited from its digital solutions, which have done well in the past few years after the pandemic. Its online sales jumped by 11.4%, while its market share in the sector rose by 112 basis points. 

Tesco’s management believes that its profit will be higher than previously thought. It sees its profit rising to £3.1 billion this year, up from the previous £3 billion. 

Tesco share price technical analysis 

TCO stock price chart | Source: TradingView

The daily timeframe chart shows that the TSCO stock price has been in a strong bull run in the past few months. It has formed an ascending channel and is now in its middle level. 

Tesco share price has moved above the 50-day and 100-day Exponential Moving Averages (EMA). These indicators mean that the stock has more upside. 

Therefore, the most likely scenario is where the stock continues rising as bulls target the important resistance level at 500p. The bullish forecast will be confirmed when it moves above the year-to-date high of 450p. 

In addition to its technicals, the stock will benefit from its top fundamentals, including the strong dividend, revenue growth, and market share. 

The post Will the Tesco share price hit 500p as growth continues? appeared first on Invezz


Previous Post

Tesco lifts profit forecast as summer, price cuts, Clubcard boost sales

Next Post

Europe markets open: Stoxx 600 jumps 0.6%, led by a tech and auto rally

Next Post
Europe markets open: Stoxx 600 jumps 0.6%, led by a tech and auto rally

Europe markets open: Stoxx 600 jumps 0.6%, led by a tech and auto rally

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • Trending
    • Comments
    • Latest
    Thatcher at 100: Lessons in civility, strength and enduring alliances

    Thatcher at 100: Lessons in civility, strength and enduring alliances

    October 13, 2025
    ASML share price forecast after earnings: buy or sell?

    ASML share price forecast after earnings: buy or sell?

    October 15, 2025
    Top crypto price predictions: Avantis, Lista DAO, Aevo

    Top crypto price predictions: Avantis, Lista DAO, Aevo

    September 21, 2025
    Trump ally Ben Carson sworn in as national advisor for nutrition, health, and housing with USDA

    Trump ally Ben Carson sworn in as national advisor for nutrition, health, and housing with USDA

    September 25, 2025
    Top 4 catalysts for the blue-chip CAC 40 Index this week

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    0
    WATCH: Defiant Kash Patel says he’s ‘proud’ to lead FBI after explosive hearing

    WATCH: Defiant Kash Patel says he’s ‘proud’ to lead FBI after explosive hearing

    0
    How AI browsers open the door to new scams

    How AI browsers open the door to new scams

    0
    Trump caps UK trip with $350B tech pact, heads to Arizona for Kirk’s memorial service

    Trump caps UK trip with $350B tech pact, heads to Arizona for Kirk’s memorial service

    0
    Top 4 catalysts for the blue-chip CAC 40 Index this week

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    October 20, 2025
    Here’s why Japan’s Nikkei 225 Index is in a bull run

    Here’s why Japan’s Nikkei 225 Index is in a bull run

    October 20, 2025
    Top 3 altcoins to buy as signs of a crypto bull run emerge

    Top 3 altcoins to buy as signs of a crypto bull run emerge

    October 20, 2025
    Carnival share price forecast as the cruising boom intensifies

    Carnival share price forecast as the cruising boom intensifies

    October 20, 2025

    Recent News

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    October 20, 2025
    Here’s why Japan’s Nikkei 225 Index is in a bull run

    Here’s why Japan’s Nikkei 225 Index is in a bull run

    October 20, 2025
    Top 3 altcoins to buy as signs of a crypto bull run emerge

    Top 3 altcoins to buy as signs of a crypto bull run emerge

    October 20, 2025
    Carnival share price forecast as the cruising boom intensifies

    Carnival share price forecast as the cruising boom intensifies

    October 20, 2025

    Popular News

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    Top 4 catalysts for the blue-chip CAC 40 Index this week

    October 20, 2025
    Here’s why Japan’s Nikkei 225 Index is in a bull run

    Here’s why Japan’s Nikkei 225 Index is in a bull run

    October 20, 2025

    Latest News

    • Top 4 catalysts for the blue-chip CAC 40 Index this week
    • Here’s why Japan’s Nikkei 225 Index is in a bull run
    • Top 3 altcoins to buy as signs of a crypto bull run emerge
    • Carnival share price forecast as the cruising boom intensifies

    About DayTradingGoal

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Economy
    • Editor’s Pick
    • Latest News

    Copyright © 2025 Daytradinggoal.com All Rights Reserved.