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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 1,321,779 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, having already acquired 177,232,499 shares since April 2025, totaling over £678 million, which may impact shareholder calculations under the Disclosure and Transparency Rules.
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 share buyback program, are significant positives for the stock. While technical indicators show strong momentum, they also suggest caution due to potential overbought conditions. The valuation metrics provide additional support, indicating that the stock is reasonably priced with good 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. The company is known for its wide range of products, including food, clothing, and household goods, and focuses on providing value to its customers through competitive pricing and a comprehensive shopping experience.
Average Trading Volume: 20,153,230
Technical Sentiment Signal: Buy
Current Market Cap: £27.16B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.