Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced that key directors, Stewart Gilliland and Bertrand Bodson, have increased their shareholdings in the company through the Dividend Reinvestment Plan (DRIP). This move, involving the acquisition of additional shares, reflects a continued commitment by the company’s leadership to align their interests with shareholders, potentially signaling confidence in Tesco’s future performance and stability in the market.
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 PLC scores well due to its strong financial performance and robust corporate events strategy, particularly the share buyback program enhancing shareholder value. Technical analysis supports a positive trend, while valuation metrics suggest the stock is fairly valued.
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 headquartered in the United Kingdom. It operates a chain of supermarkets and hypermarkets, providing 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: 22,934,962
Technical Sentiment Signal: Buy
Current Market Cap: £26.57B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.