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.
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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.
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