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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 1,456,300 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, as the company has already repurchased over 168 million shares since April 2025, reflecting a significant investment in its own stock.
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 corporate actions, such as the extensive share buyback program, significantly bolster its stock score. The neutral technical indicators and reasonable valuation also contribute positively, making it an attractive option for investors.
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. The company is known for its wide range of products including food, clothing, and household goods, and it focuses on providing value and quality to its customers.
Average Trading Volume: 21,200,966
Technical Sentiment Signal: Buy
Current Market Cap: £26.2B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.