Tesco Advances Share Buyback Program with Latest Purchase

An update from Tesco plc ( (GB:TSCO) ) is now available.

Tesco PLC announced the purchase of 2,810,702 of its own ordinary shares as part of a £700 million share buyback program, with the shares to be canceled. This move is part of a broader strategy that has seen the company buy back over 134 million shares since April 2025, reflecting its commitment to returning value to shareholders and potentially impacting the company’s share price and market perception.

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 shareholder-friendly buyback program are significant strengths, supporting a positive outlook. While technical indicators suggest bullish momentum, caution is warranted due to potential overbought conditions. The valuation is fair, bolstered by a solid dividend yield.

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 in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.

Average Trading Volume: 23,907,333

Technical Sentiment Signal: Buy

Current Market Cap: £26.02B

For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.