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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC announced the purchase of 1,919,915 ordinary shares as part of its £1.45 billion share buyback program, with shares purchased at an average price of 465.39 pence. This move is part of a broader strategy to enhance shareholder value, as the company has bought back a total of 273,466,034 shares since April 2025, totaling £1,100.1 million. The cancellation of these shares will reduce the total number of ordinary shares in issue, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
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 headquartered in the United Kingdom. It operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.
Average Trading Volume: 14,801,699
Technical Sentiment Signal: Buy
Current Market Cap: £29.64B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.