Is it a bargain or a value trap? — TradingView News
Tesco share price has remained in a narrow range in the past few months despite the company’s growing market share and profitability growth. It was trading at 442.2 on Monday, inside a narrow range it has remained at since December. This article explores whether it is a good investment today.
Tesco’s business is thriving
Tesco, the biggest retailer in the United Kingdom, is doing well, helped by its strong geographical presence across the country and its cheaper prices.
The company has also benefited from the management’s focus on cost management, investment in e-commerce, and price matching. All these factors have helped it continue gaining market share across other companies, including Aldi.
It also benefited from its premium…
