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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase and cancellation of 1,499,971 ordinary shares as part of its £1.45 billion share buyback program. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing efforts to enhance shareholder value and manage its capital structure effectively. Following this purchase, the total number of shares in issue is 6,502,338,164, which stakeholders can use for notification obligations under regulatory rules.
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 based in the UK. It operates in the retail industry, focusing on providing a wide range of products including food, clothing, and household goods to consumers.
Average Trading Volume: 14,446,969
Technical Sentiment Signal: Buy
Current Market Cap: £28.87B
See more data about TSCO stock on TipRanks’ Stock Analysis page.