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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 2 million 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 a broader strategy to enhance shareholder value and reflects the company’s strong financial position, as it has already repurchased 261,935,379 shares since April 2025, totaling £1,047.2 million.
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 retailer based in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a chain of supermarkets and hypermarkets, serving millions of customers worldwide.
Average Trading Volume: 15,150,071
Technical Sentiment Signal: Buy
Current Market Cap: £29.33B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.