Tesco PLC Advances Share Buyback Program with Latest Purchase

Tesco plc ( (GB:TSCO) ) has provided an announcement.

Tesco PLC announced the purchase of 4,950,000 ordinary shares as part of its £700 million share buyback program. The shares, bought at an average price of 362.65 pence, will be cancelled, reducing the total number of shares in issue to 6,687,923,963. This move is part of Tesco’s ongoing strategy to enhance shareholder value, having already purchased over 48 million shares since April 2025. The buyback is expected to impact the company’s share capital structure and may influence shareholder interest calculations under regulatory disclosure rules.

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 overall score reflects its robust financial performance and strategic corporate actions, such as share buybacks, which enhance shareholder value. While the technical outlook suggests potential short-term challenges, the fair valuation and solid dividend yield provide a balanced investment proposition.

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 in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, primarily focusing on the UK and European markets.

Average Trading Volume: 24,504,316

Technical Sentiment Signal: Strong Buy

Current Market Cap: £24.49B

For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.