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Tesco plc ( (GB:TSCO) ) has shared an update.
Tesco PLC announced the purchase of 936,200 ordinary shares as part of its £1.45 billion share buyback program, with shares being cancelled to reduce the total number of shares in circulation. This move is part of a larger strategy, having already purchased over 206 million shares since April 2025, reflecting the company’s commitment to returning value to shareholders and potentially enhancing earnings per share.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.50 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, primarily operating in the United Kingdom. The company offers a wide range of products including food, clothing, and household goods, and is known for its extensive network of stores and online shopping platform.
Average Trading Volume: 16,018,991
Technical Sentiment Signal: Buy
Current Market Cap: £27.45B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.