Tesco PLC (#TSCO) Stock Price, Live Chart & Analysis | Trade #TSCO

Tesco PLC is a major British food and non-food retailer. It’s the largest retail chain in the UK and the third largest in the world. The headquarters is located in Welwyn Garden City, Hertfordshire. The company was founded in 1924 by businessman Jack Cohen. After the end of the First World War, he went into retail: he bought products at low prices and resold them at market prices.

The first store was opened in the suburbs of London in 1929. In 1932, a few more stores were opened and merged into the Tesco network. In the 60s, the company began to take over existing networks, particularly Victor Value. The corporation now owns 2,700 retail outlets. Its hypermarkets and chain stores operate in 33 countries in Europe and Asia. As of 2020, the number of Tesco staff is 450 thousand.

The company held an IPO in 1947 at a price of 75 pence per share. The company's securities are listed on London Stock Exchange as #TSCO. The stock is a component of the FTSE 100, the UK's leading stock index. Tesco’s market capitalization is nearly $21 billion. The company pays dividends, but they are quite small. So trading CFDs on shares can be more profitable than buying the asset.

A trader needs to be aware of ongoing lawsuits to analyze the stock's price movement: like any large corporation, Tesco often gets involved in scandals. The loudest one occurred in 2014, when the company's two top managers falsified the financial report, overrating profits by 326 million pounds. The damage was huge: the corporation paid 129 million pounds in fines and another 85 million in compensation to investors who had bought #TSCO securities based on the false information. Such cases severely affect the reputation and financial well-being of companies and also negatively affect the stock price.

A qualitative exchange rate prediction is impossible without analyzing the activities of Tesco's competitors, such as Walmart, Carrefour, Ceconomy, J. Sainsbury, PET sMart, and Staples. If customers prefer other retailers' services, Tesco will lose profits, and its shares may fall in price in the long term.