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Tesco Directors Increase Shareholdings Through DRIP

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Tesco Directors Increase Shareholdings Through DRIP

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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.

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