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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 905,000 ordinary shares as part of its £1.45 billion share buyback program, with shares being cancelled to reduce the total number in circulation. This move is part of a broader strategy to return value to shareholders, having already repurchased 225,903,716 shares since April 2025, totaling £886.6 million.
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 headquartered in the United Kingdom. It operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.
Average Trading Volume: 13,888,420
Technical Sentiment Signal: Buy
Current Market Cap: £28.54B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.