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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase of 2,209,804 of its ordinary shares as part of its £700 million share buyback program, with the shares to be cancelled. This transaction, conducted on the London Stock Exchange, is part of a broader strategy to enhance shareholder value, having already cancelled over 149 million shares since April 2025, totaling approximately £564.8 million.
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 effective share buyback strategy significantly enhance shareholder value, contributing to a high overall score. The positive technical indicators also support the stock’s upward momentum. The valuation is reasonable, offering a good balance of growth and income potential.
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, primarily operating in the UK. It offers a wide range of products including food, clothing, and household items, and is known for its focus on providing value to customers through competitive pricing and a strong market presence.
Average Trading Volume: 22,767,837
Technical Sentiment Signal: Buy
Current Market Cap: £26.35B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.