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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC announced the purchase of 2,000,000 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the number of shares in circulation. This move is part of Tesco’s ongoing strategy to enhance shareholder value, having already purchased over 251 million shares since April 2025, and reflects the company’s commitment to returning capital to shareholders.
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 grocery and general merchandise retailer, primarily operating in the UK. It offers a wide range of products, including food, clothing, and electronics, and is known for its focus on customer satisfaction and competitive pricing.
Average Trading Volume: 14,833,066
Technical Sentiment Signal: Buy
Current Market Cap: £28.59B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.