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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC has announced the purchase of 905,000 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled following the transaction. This move, executed through Goldman Sachs International, is part of Tesco’s broader strategy to enhance shareholder value, having already purchased 224,998,716 shares for £882.6 million since April 2025. The cancellation of these shares reduces the total number of shares in issue, impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £400.00 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’s strong financial performance and strategic share buyback program are the most significant factors contributing to its high score. The technical analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational grocery and general merchandise retailer based in the United Kingdom. The company operates a chain of supermarkets and hypermarkets, offering a wide range of products including food, clothing, electronics, and financial services, focusing primarily on the UK market.
Average Trading Volume: 14,068,920
Technical Sentiment Signal: Buy
Current Market Cap: £28.59B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.