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Tesco plc ( (GB:TSCO) ) just unveiled an announcement.
Tesco PLC has announced the purchase of 1,043,920 ordinary shares as part of its ongoing £1.45 billion share buyback program. This transaction, executed on August 27, 2025, reflects Tesco’s strategic initiative to enhance shareholder value by reducing the number of shares in circulation, which now stands at 6,533,187,725. The move is part of a broader strategy that has seen the company cancel 203,654,037 shares since April 2025, amounting to £789.8 million, indicating a significant commitment to returning capital to shareholders.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.75 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 buyback program are the most significant factors contributing to its high score. The technical analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
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. The company offers a wide range of products including food, clothing, electronics, and financial services, catering to a diverse customer base.
Average Trading Volume: 16,857,551
Technical Sentiment Signal: Buy
Current Market Cap: £28.07B
See more data about TSCO stock on TipRanks’ Stock Analysis page.