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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 3,990,534 ordinary shares as part of its ongoing £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 broader strategy to enhance shareholder value, having already acquired over 306 million shares since April 2025, reflecting Tesco’s commitment to returning capital to shareholders and potentially improving its stock market performance.
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 based in the United Kingdom. It primarily operates in the retail industry, offering 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: 15,300,963
Technical Sentiment Signal: Buy
Current Market Cap: £28.84B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.