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.
Tesco plc ( (GB:TSCO) ) just unveiled an announcement.
Tesco PLC announced the purchase of 1,510,355 of its own ordinary shares as part of its £700 million share buyback program. This transaction, conducted on the London Stock Exchange, is part of a broader strategy to enhance shareholder value, with the purchased shares being cancelled to reduce the total number of shares in circulation. Since April 2025, Tesco has bought back a total of 171,748,266 shares, amounting to over £655 million, reflecting its commitment to returning capital to shareholders and optimizing its capital structure.
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 positive corporate events, such as the share buyback program, are the primary drivers of its robust stock score. Technical indicators also support a positive outlook, with the stock showing bullish momentum. The valuation remains fairly attractive, enhancing the investment appeal.
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 based in the United Kingdom. The company operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and other countries.
Average Trading Volume: 20,511,444
Technical Sentiment Signal: Buy
Current Market Cap: £26.76B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.