Tesco Advances Share Buyback Program with Latest Purchase

Tesco plc ( (GB:TSCO) ) has issued an announcement.

Tesco PLC has announced the purchase and cancellation of 3,997,100 of its ordinary shares as part of its £700 million share buyback program. This transaction, conducted on 28 May 2025, is part of a broader strategy to enhance shareholder value, with the company having repurchased a total of 84,388,827 shares since April 2025, amounting to approximately £310 million.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £3.75 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 robust cash flows are key strengths, supporting a high overall score. The technical indicators suggest strong upward momentum, though caution is advised due to near overbought conditions. The valuation is fair, supported by a moderate P/E ratio and an attractive dividend yield. The share buyback program further enhances shareholder value, reflecting confidence in the company’s financial health.

To see Spark’s full report on GB:TSCO stock, click here.

More about Tesco plc

Tesco PLC is a leading multinational retailer headquartered in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. The company operates a wide array of hypermarkets, supermarkets, and convenience stores, focusing on providing quality products at competitive prices to a broad customer base.

Average Trading Volume: 25,830,011

Technical Sentiment Signal: Buy

Current Market Cap: £25.61B

For an in-depth examination of TSCO stock, go to TipRanks’ Stock Analysis page.