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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC has executed a share buyback transaction, purchasing 918,976 ordinary shares at an average price of 435.33 pence per share, as part of its £1.45 billion share buyback program. This move, which follows prior announcements and shareholder approval, reduces the total number of shares in issue to 6,517,363,373, potentially impacting shareholder calculations under regulatory rules.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £460.00 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 retailer based in the UK, primarily engaged in the grocery and general merchandise sectors. It operates a wide range of stores and online platforms, catering to diverse consumer needs across various markets.
Average Trading Volume: 14,812,212
Technical Sentiment Signal: Buy
Current Market Cap: £28.18B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.