Tesco share price forecast in September: will it hit 500p?

tesco plc could sell its banking arm [https://invezz.com/wp-content/uploads/2023/02/shashank-verma-p82-qsyyfru-unsplash-scaled.jpg] Tesco share price jumped to a decade high on Monday, continuing an uptrend that started in April when it bottomed at 302p. TSCO stock soared to a high of 435p, bringing its market capitalization of over £28.4 billion. TESCO IS THRIVING AND GROWING ITS MARKET SHARE Tesco, the biggest retailer in the UK, has continued to grow its market share in the past few months. A recent report by Kantar showed that its market share rose to 28.4%, almost double that of Sainsbury’s, which has about 15% in share. Tesco’s market share is also much higher than ASDA’s 11.8% and Aldi’s 10.8. The company will likely continue growing its market share after the recent data showed that inflation in the country was rising. Its market share is notable because analysts were expecting Aldi’s price cuts to boost its market share, which has not happened because of Tesco’s price match strategy. Indeed, Asda has continued to lose market share i A report by the Office of National Statistics (ONS) showed that the headline…