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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 2,195,000 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled. This move is part of a broader strategy to enhance shareholder value, having already purchased over 151 million shares since April 2025, totaling over £573 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 plc exhibits robust financial health with consistent revenue growth and strong cash flows. The technical indicators are supportive of a bullish trend, although caution is advised due to the RSI nearing overbought levels. The valuation is reasonable, with a good dividend yield. The aggressive share buyback program further enhances shareholder value, making Tesco an attractive investment in the grocery sector.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer, primarily engaged in the grocery and general merchandise sectors. It operates a chain of supermarkets and hypermarkets, focusing on providing a wide range of products to consumers in the UK and internationally.
Average Trading Volume: 22,767,427
Technical Sentiment Signal: Buy
Current Market Cap: £26.25B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.