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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 4,871,697 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 circulation. This move is part of Tesco’s ongoing strategy to enhance shareholder value, having already purchased 294,494,992 shares since April 2025, totaling £1,194.3 million.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £440.00 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 plc’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests a premium price. Overall, Tesco is well-positioned for growth, but maintaining financial discipline will be crucial.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a prominent player in the retail industry, primarily offering groceries and general merchandise. It operates a chain of supermarkets and hypermarkets, focusing on providing a wide range of products to consumers in the UK and internationally.
Average Trading Volume: 15,106,094
Technical Sentiment Signal: Buy
Current Market Cap: £28.79B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.