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With a P/E of 15.4, my Tesco shares no longer look cheap. Are there better options out there?
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With a P/E of 15.4, my Tesco shares no longer look cheap. Are there better options out there?
Grocers took a beating this week, with Tesco (LSE:TSCO) shares in particular slipping 2.5% on Tuesday (5 May). Since falling from a high of 508p in late February, it’s struggled to recover the momentum enjoyed in 2025. Key rival Sainsbury’s was similarly impacted, but to a lesser degree. Meanwhile, more diversified retailers including Marks and Spencer, JD Sports and Kingfisher made moderate gains. This is likely the result of short-term sector …
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