Tesco Advances £700 Million Share Buyback Program

Tesco plc ( (GB:TSCO) ) just unveiled an announcement.

Tesco PLC has announced the purchase of 1,697,920 of its own ordinary shares as part of its £700 million share buyback program, with the shares to be canceled. This transaction, executed on July 8, 2025, is part of a broader strategy that has seen the company buy back a total of 164,285,291 shares since April 2025, amounting to over £625 million. The move is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and signaling confidence in the company’s financial health.

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, supported by robust cash flows and a stable balance sheet, is a major strength. Technical analysis shows positive momentum, though caution is advised with the RSI indicating potential overbought conditions. Valuation metrics are competitive, but not exceptionally attractive. The ongoing share buyback program is a significant positive factor enhancing shareholder value.

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 based in the United Kingdom. It operates a chain of supermarkets and hypermarkets, offering a wide range of food and non-food products to consumers. Tesco is a prominent player in the retail industry, focusing on providing value and convenience to its customers.

Average Trading Volume: 22,351,005

Technical Sentiment Signal: Buy

Current Market Cap: £26.41B

For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.