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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has executed a share buyback transaction, purchasing 1.6 million ordinary shares at an average price of 457.14 pence per share as part of its £1.45 billion share buyback program. This move, which follows previous announcements, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and improving market perception.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £440.00 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 grocery and general merchandise retailer based in the United Kingdom. The company operates a wide range of stores and offers products such as food, clothing, and household goods, focusing on providing quality products at competitive prices to a broad customer base.
Average Trading Volume: 15,150,913
Technical Sentiment Signal: Buy
Current Market Cap: £29.41B
See more data about TSCO stock on TipRanks’ Stock Analysis page.