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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has announced the purchase of 912,444 of its own ordinary shares as part of a £1.45 billion share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy initiated in April 2025, which has seen the company buy back a total of 224,093,716 shares, amounting to £878.6 million, aimed at enhancing shareholder value and optimizing capital structure.
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 United Kingdom. It operates in the retail industry, offering a wide range of products including food, clothing, and household goods. Tesco is known for its extensive network of stores and its focus on providing value to customers through competitive pricing and a diverse product selection.
Average Trading Volume: 14,068,920
Technical Sentiment Signal: Buy
Current Market Cap: £28.59B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.