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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC has announced the purchase of 956,507 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 issue. This move is part of a broader strategy to enhance shareholder value, having already purchased 183,260,422 shares since April 2025, totaling £704 million, reflecting Tesco’s 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 buybacks significantly boost its stock appeal. Technical indicators are favorable, although the overbought condition warrants caution. Valuation metrics are reasonable, supporting a positive outlook.
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. It operates a chain of supermarkets and hypermarkets, focusing on providing a wide range of products to consumers across various markets.
Average Trading Volume: 19,245,540
Technical Sentiment Signal: Buy
Current Market Cap: £27.93B
See more data about TSCO stock on TipRanks’ Stock Analysis page.