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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase of 941,238 ordinary shares as part of its £1.45 billion share buyback program, with shares being cancelled to reduce the total number in circulation. This move is part of a broader strategy to enhance shareholder value, having already purchased 223,181,272 shares for £874.6 million since April 2025, reflecting Tesco’s commitment to returning capital to shareholders and potentially impacting its stock market performance.
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 headquartered in the United Kingdom. It operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.
Average Trading Volume: 14,433,257
Technical Sentiment Signal: Buy
Current Market Cap: £28.06B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.