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Tesco plc ( (GB:TSCO) ) has provided an announcement.
Tesco PLC announced the purchase of 923,000 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the number of shares in circulation. This move is part of Tesco’s ongoing strategy to enhance shareholder value, having already purchased over 221 million shares since April 2025, totaling £866.5 million.
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. It operates in the retail industry, offering a wide range of products including food, clothing, and household goods. Tesco is known for its focus on customer service and competitive pricing, and it has a significant market presence in the UK and other countries.
Average Trading Volume: 14,569,428
Technical Sentiment Signal: Buy
Current Market Cap: £28B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.