Tesco Advances £700 Million Share Buyback with Latest Purchase

Tesco plc ( (GB:TSCO) ) has shared an announcement.

Tesco PLC has announced the purchase of 3,034,000 of its ordinary shares as part of its £700 million share buyback program, authorized by shareholders at the 2024 Annual General Meeting. This transaction, executed through Citigroup Global Markets Limited, reflects Tesco’s ongoing efforts to enhance shareholder value by reducing the number of shares in circulation, which now stands at 6,613,883,311. Since the program’s commencement in April 2025, Tesco has repurchased a total of 122,958,451 shares, amounting to £459,771,028.29, indicating a significant commitment to returning capital to shareholders.

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, complemented by solid technical indicators and attractive valuation metrics.

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. The company operates in the retail industry, offering a wide range of products including food, clothing, and household goods, with a strong market presence primarily in the UK and Ireland.

Average Trading Volume: 24,601,598

Technical Sentiment Signal: Buy

Current Market Cap: £25.38B

See more insights into TSCO stock on TipRanks’ Stock Analysis page.