Tesco PLC Advances Share Buyback Program with Latest Purchase

An announcement from Tesco plc ( (GB:TSCO) ) is now available.

Tesco PLC announced the purchase of 3,268,908 of its own ordinary shares as part of its £700 million share buyback program. This transaction, conducted on 11 June 2025, follows previous purchases since April, totaling over £447 million. The repurchased shares will be cancelled, reducing the total number of shares in circulation to 6,616,917,311. This move is part of Tesco’s strategy to enhance shareholder value and optimize 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 strategic share buybacks significantly enhance shareholder value. The positive technical indicators support further price appreciation, while the reasonable valuation and attractive dividend yield offer a balanced investment proposition. The absence of earnings call data is offset by strong corporate actions.

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

More about Tesco plc

Tesco PLC is a leading multinational retailer based in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a chain of supermarkets and hypermarkets, catering to a wide range of consumer needs.

Average Trading Volume: 24,601,598

Technical Sentiment Signal: Buy

Current Market Cap: £25.38B

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