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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase and cancellation of 2,583,300 ordinary shares as part of its ongoing £700 million share buyback program. This transaction, conducted on 20 June 2025, reflects the company’s commitment to returning value to shareholders and adjusting its capital structure, with the total shares purchased since April 2025 amounting to 139,579,517 shares.
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 robust corporate actions, particularly the significant share buyback program, are the main drivers of its high score. The technical analysis suggests caution due to overbought signals, and while valuation is reasonable, it adds moderate appeal. These factors together position Tesco as a solid investment option with balanced risk and reward.
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. It offers a wide range of products including food, clothing, electronics, and financial services, focusing on providing value and convenience to its customers.
Average Trading Volume: 23,480,656
Technical Sentiment Signal: Buy
Current Market Cap: £26.37B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.