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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC has announced the purchase of 3.6 million of its own ordinary shares as part of its ongoing £700 million share buyback program, with the shares being cancelled post-purchase. This transaction, executed through Citigroup Global Markets Limited, is part of a larger initiative that has seen the company buy back over 99 million shares since April 2025, reflecting Tesco’s strategy to return capital to shareholders and potentially enhance shareholder value.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £3.75 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 significantly enhance shareholder value. Despite some technical indications of the stock being overbought, the overall valuation remains attractive with a decent dividend yield. The absence of recent earnings call data does not impact the positive outlook due to strong corporate actions and financial health.
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 a chain of supermarkets and hypermarkets, offering a wide range of products including groceries, clothing, electronics, and financial services. Tesco is one of the largest retailers in the world by revenue and has a significant market presence in the UK and several other countries.
Average Trading Volume: 25,679,326
Technical Sentiment Signal: Buy
Current Market Cap: £25.8B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.