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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 907,000 ordinary shares as part of its £1.45 billion share buyback program, with shares to be cancelled. This move is part of a broader strategy to return value to shareholders, having already purchased a total of 230,488,385 shares since April 2025, reflecting Tesco’s strong financial position and commitment to enhancing shareholder value.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.00 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 UK. It offers a wide range of products including food, clothing, and electronics, and focuses on providing value to its customers through competitive pricing and a strong market presence.
Average Trading Volume: 14,470,397
Technical Sentiment Signal: Buy
Current Market Cap: £29.09B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.