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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase and cancellation of 884,684 ordinary shares as part of its £1.45 billion share buyback program. This transaction, conducted on the London Stock Exchange, is part of a broader initiative that has seen the company buy back 202,610,117 shares since April 2025, totaling £785.3 million. The move is expected to impact the company’s share capital structure, with the remaining number of ordinary shares in issue now at 6,534,231,645, potentially influencing shareholder interests and market perceptions.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.75 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 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, offering a wide range of products including food, clothing, electronics, and financial services, primarily focusing on the UK and European markets.
Average Trading Volume: 16,895,864
Technical Sentiment Signal: Buy
Current Market Cap: £27.7B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.