Tesco PLC (TSCO.L) 03-04-20
Will the Tesco PLC (TSCO.L) share price break beneath the 212p support zone, or will we see a return to highs of 256p (+18%)?
- Currently trading close to the key 212p support at 216.3p (at time of writing).
- The support has proven reliable until now. Will the price rebound again?
- As always, traders should be mindful of stop-loss placement.
- Will the shares bounce again to recent highs at 256p? (+18%).
- Shares -16% from 12-month highs; +2% from 12 month lows.
Latest News
30 Mar: Credit Suisse has upgraded its rating on Tesco (TSCO) to neutral (from underperform) and increased the target price to 248p (from 216p).
27 Mar: Berenberg reiterates its buy rating on Tesco (TSCO) and reduced the target price to 280p (from 295p).
24 Mar: HSBC has upgraded its rating on Tesco (TSCO) to buy (from hold).
18 Mar: Tesco, the supermarket group, announced it was seeking more information on the United Kingdom government’s move to provide relief on business rates in England for the next year.
Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires