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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase of 4,085,062 of its own ordinary shares on 16 October 2025 as part of its ongoing £1.45 billion share buyback program. This transaction, executed through Goldman Sachs International, is part of a broader strategy to enhance shareholder value, with the purchased shares being cancelled to reduce the total number of shares in circulation. Since the program’s commencement in April 2025, Tesco has bought back a total of 245,288,686 shares, amounting to £973.1 million, reflecting its commitment to returning capital to shareholders and potentially improving earnings per share.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £501.00 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 plc’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests a premium price. Overall, Tesco is well-positioned for growth, but maintaining financial discipline will be crucial.
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 in the retail industry, providing a wide range of products including food, clothing, electronics, and financial services, with a significant market presence in the UK and several other countries.
Average Trading Volume: 14,943,405
Technical Sentiment Signal: Buy
Current Market Cap: £28.74B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.