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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase of 271,184 of its own ordinary shares as part of its ongoing £1 billion share buyback program, authorized at the 2024 Annual General Meeting. These shares, bought at an average price of 368.75 pence, will be cancelled, reducing the total number of outstanding shares to 6,739,523,003. This move is part of Tesco’s strategy to return value to shareholders and maintain its market position.
More about Tesco plc
Tesco PLC is a leading multinational retail company based in the United Kingdom, primarily focused on the grocery sector. It operates a wide range of hypermarkets, supermarkets, and convenience stores, catering to various consumer needs. As a significant player in the retail industry, Tesco also engages in banking and financial services.
YTD Price Performance: -0.22%
Average Trading Volume: 21,386,023
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.62B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.
