Tesco Advances Share Buyback Strategy with Latest Purchase

The latest announcement is out from Tesco plc ( (GB:TSCO) ).

Tesco PLC announced the purchase of 3,903,000 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, having already acquired over 88 million shares since April 2025, totaling more than £324 million, 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 buybacks are major positives, supporting a solid overall score. However, technical indicators suggest caution due to potential overbought conditions.

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. The company operates a chain of supermarkets and hypermarkets, serving millions of customers worldwide with a focus on providing quality products at competitive prices.

Average Trading Volume: 25,830,011

Technical Sentiment Signal: Buy

Current Market Cap: £25.61B

See more insights into TSCO stock on TipRanks’ Stock Analysis page.