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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC announced the purchase of 951,485 ordinary shares as part of its £1.45 billion share buyback program, with shares to be cancelled, reducing the total number of shares in issue to 6,537,005,069. This move is part of a larger ongoing effort, having already acquired 199,836,693 shares since April 2025, totaling £773.4 million, aimed at enhancing shareholder value and optimizing the company’s capital structure.
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 grocery and general merchandise retailer based in the United Kingdom. It operates in the retail industry, providing a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.
Average Trading Volume: 17,577,269
Technical Sentiment Signal: Buy
Current Market Cap: £27.44B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.