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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC has announced the purchase of 1,295,658 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, having already acquired 263,231,037 shares since April 2025, and reflects Tesco’s commitment to returning capital to shareholders while potentially improving earnings per share.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £501.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.
Spark’s Take on GB:TSCO Stock
According to Spark, TipRanks’ AI Analyst, GB:TSCO is a Outperform.
Tesco plc’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests a premium price. Overall, Tesco is well-positioned for growth, but maintaining financial discipline will be crucial.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a prominent player in the retail industry, primarily offering a wide range of groceries and general merchandise. The company operates extensively across the UK and other international markets, focusing on providing value to customers through competitive pricing and a diverse product selection.
Average Trading Volume: 15,177,554
Technical Sentiment Signal: Buy
Current Market Cap: £29.33B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.