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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco PLC has announced the continuation of its £1.45 billion share buyback program, with a new tranche valued at up to £500 million. This initiative, conducted in partnership with Goldman Sachs, aims to reduce the company’s share capital and is carried out under the authority granted by shareholders, adhering to UK regulations.
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 scores highly due to its strong financial performance and positive corporate events. However, technical indicators suggest caution due to potential overbought conditions, and valuation metrics are average, indicating room for growth but with some risk.
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 and several other countries. The company focuses on providing a wide range of products, including food, clothing, and household goods, catering to a diverse customer base.
Average Trading Volume: 19,245,540
Technical Sentiment Signal: Buy
Current Market Cap: £27.93B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.