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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC has announced the purchase of 916,000 ordinary shares as part of its ongoing £1.45 billion share buyback program. The shares, bought at an average price of 437.06 pence, will be cancelled, reducing the total number of shares in circulation to 6,510,022,046. This move is part of a broader strategy to enhance shareholder value, having already purchased 226,819,716 shares since April 2025, amounting to £890.6 million. The share buyback is expected to positively impact the company’s stock value and provide a clearer picture of shareholder interests.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £400.00 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 based in the UK. It operates in the retail industry, offering a wide range of products including food, clothing, and electronics, with a strong market presence primarily in the UK and Ireland.
Average Trading Volume: 13,917,044
Technical Sentiment Signal: Buy
Current Market Cap: £28.54B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.