Tesco PLC Advances Share Buyback Program with Latest Purchase

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

Tesco PLC announced the purchase of 3,470,208 of its own ordinary shares as part of its £700 million share buyback program, with the shares being cancelled. This transaction, executed on the London Stock Exchange, is part of a broader strategy to enhance shareholder value, having already seen the company buy back over 106 million shares since April 2025. The move reduces the total number of shares in issue, potentially increasing the value of remaining shares and reflecting Tesco’s strong financial position and commitment to returning capital to shareholders.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.15 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 positive factors, indicating robust financial health and a commitment to enhancing shareholder value. While the technical analysis suggests a bullish trend, caution is advised due to potential overbought conditions. Valuation metrics are moderate, supporting the company’s overall positive outlook.

To see Spark’s full report on GB:TSCO stock, click here.

More about Tesco plc

Tesco PLC is a leading multinational retailer headquartered in the United Kingdom, primarily engaged in grocery and general merchandise sales. It operates a chain of supermarkets and hypermarkets, serving millions of customers worldwide with a focus on providing quality products at competitive prices.

Average Trading Volume: 25,071,815

Technical Sentiment Signal: Buy

Current Market Cap: £25.75B

For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.