Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tesco plc ( (GB:TSCO) ) has provided an announcement.
Tesco PLC has announced the purchase of 913,000 ordinary shares as part of its ongoing £1.45 billion share buyback program, with the shares being cancelled following the transaction. This move is part of a larger strategy that has seen the company repurchase 227,732,716 shares since April 2025, reflecting Tesco’s commitment to returning value to shareholders and optimizing its capital structure.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £510.00 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, primarily operating in the United Kingdom. The company offers a wide range of products including food, clothing, and household goods, focusing on providing value and convenience to its customers.
Average Trading Volume: 14,273,884
Technical Sentiment Signal: Buy
Current Market Cap: £27.82B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.