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Tesco (LSE: TSCO) shares have taken quite a tumble, falling 17% in the last month alone. That’s big for a company many think of as one of the safer picks on the FTSE 100, but we all know the reason.
In this volatile new world sparked by Donald Trump’s latest round of tariffs, even reliable, cash-generating businesses like Tesco are feeling the squeeze. Over the past year, the shares are now up just 6%, and that gain is fast evaporating.
For bargain hunters, this could be the opportunity they’ve been waiting for. Tesco’s price-to-earnings ratio has dropped to just 11.3. Just a few weeks ago it was trading closer to 15 or 16 times earnings.
Is this FTSE 100 star a bargain?
Meanwhile, the dividend yield has crept back up to 4.28%. Tempting as that may sound, nothing’s without risk in these mad times.
We got an early signal from Kantar on 1 April when it reported…
