Tesco Advances Share Buyback Program with Latest Purchase

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

Tesco PLC announced the purchase of 3,726,000 ordinary shares as part of its ongoing £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in issue. This move is part of a broader strategy to enhance shareholder value, having already repurchased over 92 million shares since April 2025, indicating a strong commitment to returning capital to shareholders.

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 strategic share buyback program are the most significant factors driving the score. Technical indicators suggest positive momentum, although close monitoring is warranted due to potential overbought conditions. The valuation remains fair, providing a balanced outlook.

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 headquartered in the United Kingdom. It operates a chain of supermarkets and hypermarkets, offering a wide range of products including food, clothing, and electronics. Tesco is a dominant player in the UK retail market and has a significant presence in several other countries.

Average Trading Volume: 25,693,592

Technical Sentiment Signal: Buy

Current Market Cap: £25.64B

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