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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 959,034 ordinary shares as part of its £1.45 billion share buyback program, with the shares to be cancelled. This move is part of a broader strategy, having already acquired 185,183,283 shares since April 2025, totaling £712.2 million, which aims to enhance shareholder value and optimize the capital structure.
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 share buyback program significantly bolster the stock’s appeal. While technical indicators suggest potential overbought conditions, the valuation remains attractive, contributing to a solid overall score.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer based in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. The company operates a wide range of stores and online services, catering to diverse consumer needs across various markets.
Average Trading Volume: 18,552,278
Technical Sentiment Signal: Buy
Current Market Cap: £27.69B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.