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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC announced the purchase of 1,822,720 ordinary shares as part of its ongoing £1.45 billion share buyback program, following previous announcements in April and July 2025. The shares, purchased at an average price of 443.82 pence, will be cancelled, reducing the total number of ordinary shares in issue to 6,483,546,233. This move is part of Tesco’s strategy to enhance shareholder value, having already bought back shares worth £1,008.6 million since April 2025.
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 headquartered in the United Kingdom. It operates in the retail industry, providing a wide range of products including food, clothing, and household goods, with a significant market presence in the UK and several other countries.
Average Trading Volume: 14,833,066
Technical Sentiment Signal: Buy
Current Market Cap: £28.59B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.