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Tesco plc ( (GB:TSCO) ) has shared an update.
Tesco PLC announced the purchase of 1,628,516 ordinary shares as part of its £1.45 billion share buyback program, with the shares being canceled following the transaction. This move is part of a broader strategy to enhance shareholder value, having already acquired 264,859,553 shares since April 2025, and reflects Tesco’s commitment to optimizing its capital structure and returning capital to shareholders.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £440.00 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 United Kingdom. It operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, primarily focusing on the UK market.
Average Trading Volume: 15,177,554
Technical Sentiment Signal: Buy
Current Market Cap: £29.33B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.