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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 963,692 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 to enhance shareholder value, having already acquired 198,885,208 shares for cancellation since April 2025, totaling £769.3 million.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £466.00 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 analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer, primarily engaged in the grocery and general merchandise sectors. It operates a chain of supermarkets and hypermarkets, focusing on providing a wide range of products to consumers in the UK and internationally.
Average Trading Volume: 17,626,286
Technical Sentiment Signal: Buy
Current Market Cap: £27.03B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.