Ticker

RALEIGH, N.C.--(BUSINESS WIRE)--Vontier Corporation (NYSE: VNT), a leading global provider of critical technologies and solutions to connect, manage and scale the mobility ecosystem, today announced that Tesco will integrate technologies from Gilbarco Veeder-Root and Invenco to create a scalable and efficient fuelling solution across the retailer's petrol stations. Building on the integration between Invenco's…

Citi has taken a slightly negative view of Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) after Morrisons' latest quarterly results, warning of intensifying competition among the big supermarkets. Morrisons, the privately owned grocer, reported like-for-like sales up 3.2% in the 13 weeks to 26 July, a measure that strips out the effect of new store space.

Tesco PLC (OTCMKTS:TSCDY - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $19.09 and traded as low as $18.89. Tesco shares last traded at $18.96, with a volume of 117,574 shares traded. Wall Street Analyst Weigh In

UBS has reiterated its 'buy' rating on Tesco PLC (LSE:TSCO), keeping a 12-month price target of 545p and pointing to a share price return potential of 16.45%. Analysts Sreedhar Mahamkali and Angelo Mangieri made the call in a note dated 3 September, with shares trading at 468p at the time of writing.

Shares in Tesco PLC (LSE:TSCO) fell on Wednesday after Shore Capital downgraded Britain's largest supermarket group for the first time in more than three years, arguing the shares have run far enough for now. The stock was down 2.6% at 449.7p in late morning trading, valuing the FTSE 100 company at roughly £28 billion.