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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC announced the purchase of 920,000 ordinary shares as part of its £1.45 billion share buyback program, with shares being cancelled to reduce the total number of shares in issue. This move is part of a larger strategy initiated in April 2025, which has seen the company buy back over 209 million shares, reflecting a significant investment in enhancing shareholder value and optimizing capital structure.
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 UK. The company offers a wide range of products, including food, clothing, and household goods, and is known for its focus on providing value and convenience to its customers.
Average Trading Volume: 15,832,144
Technical Sentiment Signal: Buy
Current Market Cap: £27.59B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.