Tesco shares price
If you live in the UK, you must be familiar with Tesco, Tesco which is short for Tesco PLC (public limited company) is a British Multinational Groceries and general merchandise retailer, their HQ is located in Hertfordshire, England, United Kingdom.
Founded Back in 1919, Tesco is the third-largest retailer in the world when it comes to gross sales revenue, and ninth-largest for net revenue, it has a total of 6800 shops across 7 countries in Europe and Asia.
Aside from the grocery’s retailer business, Tesco Has Multiple Subsidiaries such as:
- Booker Group: a food wholesaler acquired by Tesco in 2018
- Tesco Bank: Tesco Provides financial services through Tesco Bank. They credit cards, loans, mortgages…etc.
- Telecoms: Tesco Provides Mobile services around the United Kingdom, Ireland, Slovakia, Hungary, and the Czech Republic.
Tesco is listed on the London Stock Exchange. The total market capitalization of Tesco is approximately 23.5 billion GBP as of December 2019.
As of December 11, 2019, the current price for a Tesco is at a high of 240.5 and a low of 237 in Pence.
Tesco has seen a good year when it comes to shares prices with an increase in the average share price over the last month of 0.76%, and over the last three months with 4.81% and for the whole year of a total increase of 29.76%
Currently, the whole stock market in the UK is suffering slightly due to the events of BREXIT (which is Britain’s plan to leave the European Union withing this year for those who didn’t know), thus you might see that the Tesco share prices may fall a bit on the opening and closing of each trading day.
Future forecasts for the upcoming year for Tesco estimate growth of 17.5% for the shares price or a median target of 282.5 pence for each share.