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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase and cancellation of 918,645 ordinary shares as part of its ongoing £1.45 billion share buyback program. This transaction, executed on 22 September 2025, reflects the company’s strategy to enhance shareholder value and optimize its capital structure. The buyback program, which began in April 2025, has seen Tesco cancel a total of 220,397,034 shares, amounting to £862.5 million. This move is expected to impact the company’s share capital and may influence shareholder interest calculations under regulatory guidelines.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £460.00 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 primarily focuses on providing a wide range of food and non-food products to its customers, operating through various store formats and online channels.
Average Trading Volume: 14,812,212
Technical Sentiment Signal: Buy
Current Market Cap: £28.18B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.