Tesco stock (TSCO) climbs 20% in six months: here are the best places to buy it

  • February 19, 2022
  • 104 Views

Tesco stock (TSCO) has been on the rise and its price has risen by about 30% over the past year and by over 20% in the last six months.

To help stock investors interested in investing in Tesco stock (TSCO), Invezz has created a brief article on what it is and where to buy it.

To find out more, please continue reading.

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What is Tesco stock?

Tesco stock is the stock of Tesco PLC and it trades on the London Stock Exchange under the ticker LON: TSCO.

In a nutshell, Tesco PLC is a British-based multinational grocery and general merchandise retailer. It is headquartered in Welwyn Garden City, England.

Tesco is the third-largest retailer in the world in terms of gross revenue. It has shops in about five countries across Europe with the biggest share being in the UK.

Should I buy TSCO stock today?

If you are looking to invest in a stock that has been on a sustained bullish trend, then the TSCO stock could be a good choice.

However, if another wave of Covid-19 is to be experienced, the stock would plummet again because of reduced sales like in the past Covid-19 lockdowns.

TSCO stock price prediction

Tesco stock (TSCO) bullish trend is expected to continue as people return to normalcy as the Covid-19 cases continue to reduce around the world.

Analysts are looking at a price target of about £300 before the end of the first quarter of 2022.

$TSCO social media coverage

Our partners @Tesco are the first retailer in the UK to upload all store defibrillators on The Circuit – National Defibrillator Network https://t.co/mEjstEVO2W

— BHF (@TheBHF) February 16, 2022

$TSCO – Tesco PLC Transaction in Own Shares https://t.co/UAgr2n6AIC

— Mark (@mark332300) February 18, 2022

The post Tesco stock (TSCO) climbs 20% in six months: here are the best places to buy it appeared first on Invezz.

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