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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 962,328 ordinary shares as part of its £1.45 billion share buyback program, with shares purchased at an average price of 419.60 pence. This transaction is part of a broader effort that has seen the company buy back a total of 190,038,126 shares since April 2025, amounting to £732.7 million, which is expected to enhance shareholder value by reducing the number of shares in circulation.
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 are the most significant factors contributing to its high score. The technical indicators support a positive outlook, while the valuation remains reasonable. The absence of recent earnings call data does not detract from the overall positive assessment.
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 United Kingdom. The company focuses on providing a wide range of products including food, clothing, and household goods, and is known for its extensive network of supermarkets and hypermarkets.
Average Trading Volume: 18,363,265
Technical Sentiment Signal: Buy
Current Market Cap: £27.47B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.