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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC has announced the purchase and cancellation of 973,508 ordinary shares as part of its £1.45 billion share buyback programme. This transaction, executed on the London Stock Exchange, is part of a broader strategy to enhance shareholder value, having already cancelled 195,963,720 shares since April 2025, amounting to £757.2 million. The reduction in shares is expected to impact the company’s share capital structure, potentially increasing earnings per share and providing a positive signal to the market.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £3.75 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’s strong financial performance and strategic share buyback program are significant strengths, enhancing shareholder value and reflecting confidence in its financial health. The technical indicators suggest a neutral market position, while the valuation metrics indicate a fair market price.
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 UK. It operates in the retail industry, offering a wide range of products including food, clothing, and household goods, with a strong market presence in the UK and expanding operations globally.
Average Trading Volume: 18,905,432
Technical Sentiment Signal: Buy
Current Market Cap: £26.86B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.