What I’d do about the Tesco share price right now
Shares in UK supermarkets giant Tesco (LSE:TSCO) have been on an upward trend in recent months, with the stock now valued at 10% higher it was a year ago. With the shares currently trading at 235p, is now a good time to buy into the Tesco share price or would my money be better invested elsewhere? Tesco also hit its margin target of 3.5% to 4% a full six months ahead of schedule, although like-for-like sales in the UK were lower than expected. The supermarket chain still holds a significant market share over its competitors, controlling 27% of the market, according to data from research firm Kantar. However, it must be noted that Tesco’s market share has been falling, most recently for the 12 weeks until 3 November, falling from 27.5% on a year-on-year basis. While most of the main players in the supermarket industry also saw a loss of market share, Aldi and Lidl are continuing to grow and chip away at the more established chains.