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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 1,930,000 of its own ordinary shares as part of a £700 million share buyback program, with the shares being cancelled. This move is part of a broader strategy to enhance shareholder value, having already repurchased over 155 million shares since April 2025, totaling approximately £589.6 million.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.05 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 scores well due to its strong financial performance and robust corporate events strategy, particularly the share buyback program enhancing shareholder value. Technical analysis supports a positive trend, while valuation metrics suggest the stock is fairly valued.
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 and several other countries. The company focuses on providing a wide range of products, including food, clothing, and household goods, through its extensive network of stores and online platforms.
Average Trading Volume: 22,936,816
Technical Sentiment Signal: Buy
Current Market Cap: £26.25B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.