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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC has announced the purchase of 1.4 million ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a larger effort since April 2025, where Tesco has repurchased over 269 million shares, reflecting a strategic initiative to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £440.00 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 plc’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests a premium price. Overall, Tesco is well-positioned for growth, but maintaining financial discipline will be crucial.
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 focuses on providing a wide range of products including food, clothing, and household goods, and is known for its extensive network of stores and online shopping services.
Average Trading Volume: 15,000,326
Technical Sentiment Signal: Buy
Current Market Cap: £29.55B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.