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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC has executed a share buyback transaction, purchasing 2,354,000 ordinary shares at an average price of 449.04 pence per share, as part of its £1.45 billion buyback program. This move is part of a larger strategy initiated earlier in 2025, aimed at reducing the number of shares in circulation, which now stands at approximately 6.5 billion. The cancellation of these shares is expected to enhance shareholder value and optimize the company’s capital structure.
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 retailer headquartered in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a chain of supermarkets and hypermarkets, serving millions of customers worldwide.
Average Trading Volume: 14,977,785
Technical Sentiment Signal: Buy
Current Market Cap: £28.82B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.