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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC has announced the purchase of 1.4 million of its own ordinary shares as part of its ongoing £1.45 billion share buyback program, with the shares to be cancelled. This move is part of a broader strategy to enhance shareholder value, having already acquired over 270 million shares since April 2025, and reflects the company’s commitment to optimizing its capital structure and returning capital to shareholders.
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 retailer headquartered in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a network of supermarkets and hypermarkets, catering to a broad consumer base across various markets.
Average Trading Volume: 15,000,326
Technical Sentiment Signal: Buy
Current Market Cap: £29.55B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.