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Tesco plc ( (GB:TSCO) ) has shared an update.
Tesco PLC announced the purchase of 913,333 ordinary shares as part of its £1.45 billion share buyback program, with the shares to be cancelled. This move is part of a broader strategy to enhance shareholder value, having already repurchased 211,243,354 shares since April 2025, totaling £822.4 million. The transaction affects the total number of shares in issue, which now stands at 6,525,598,408, and is significant for stakeholders monitoring share interest changes under regulatory guidelines.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.50 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 contributing to its high score. The technical analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
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 UK. It 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: 15,606,295
Technical Sentiment Signal: Buy
Current Market Cap: £28.62B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.