The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 2,040,655 ordinary shares as part of its £700 million share buyback program, with the shares set to be cancelled. This move reduces the total number of shares in issue to 6,708,003,104, allowing shareholders to adjust their holdings under the Disclosure and Transparency Rules. Since the program’s commencement on April 10, 2025, Tesco has repurchased a total of 28,838,658 shares, amounting to over £101 million, signaling a strategic effort to enhance shareholder value.
Spark’s Take on GB:TSCO Stock
According to Spark, TipRanks’ AI Analyst, GB:TSCO is a Outperform.
Tesco’s strong financial performance and shareholder-friendly actions such as share buybacks underpin its solid investment appeal. Despite current bearish technical indicators, the company’s fair valuation and robust dividend yield offer a balanced outlook, making it a stable prospect in the grocery industry.
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 UK and other parts of Europe. The company focuses on providing a wide range of products, including food, clothing, and household goods, through its extensive network of stores and online platforms.
YTD Price Performance: 0.65%
Average Trading Volume: 23,361,725
Technical Sentiment Signal: Strong Sell
Current Market Cap: £24.73B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.