Tesco Advances Share Buyback Program with New Purchase

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

Tesco PLC announced the purchase of 4,285,000 ordinary shares as part of its £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 acquired over 72 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 overall stock score is largely driven by its strong financial performance and positive corporate events. The company’s consistent revenue growth, stable financial structure, and robust cash flows contribute significantly to its attractiveness. The technical analysis reflects positive momentum but highlights potential overbought conditions. The valuation is reasonable, supported by a healthy dividend yield. The absence of earnings call data does not detract significantly from the overall assessment.

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 United Kingdom. The company focuses on providing a wide range of products, including food, clothing, and household goods, to a diverse customer base.

Average Trading Volume: 25,052,610

Technical Sentiment Signal: Buy

Current Market Cap: £25.09B

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