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Tesco plc ( (GB:TSCO) ) has shared an update.
Tesco PLC announced the purchase of 4,184,123 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled following the transaction. This move is part of a broader strategy to enhance shareholder value, having already purchased a total of 249,472,809 shares since April 2025, amounting to £991.7 million. The reduction in shares is expected to impact the company’s share capital structure and potentially influence shareholder interests under the Disclosure Guidance and Transparency Rules.
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 leading multinational grocery and general merchandise retailer headquartered in the United Kingdom. It operates primarily in the retail sector, offering a wide range of products including food, clothing, and household goods. Tesco focuses on providing value and convenience to its customers through its extensive network of stores and online platforms.
Average Trading Volume: 15,066,490
Technical Sentiment Signal: Buy
Current Market Cap: £28.53B
See more data about TSCO stock on TipRanks’ Stock Analysis page.