Tesco PLC Advances Share Buyback Program with Latest Purchase

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

Tesco PLC announced the purchase and cancellation of 2,844,944 ordinary shares as part of its £700 million share buyback program, executed on 13 June 2025. This move is part of a broader strategy to enhance shareholder value, with the company having already acquired a total of 125,803,395 shares since April 2025, reflecting a significant financial commitment to its buyback initiative.

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 buyback program are major strengths, supporting its robust market position. Technical indicators show positive momentum, and the stock offers fair valuation, making it an attractive investment in the grocery sector.

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. It operates in the retail industry, focusing primarily on food and non-food products, serving a wide market range from everyday consumers to large-scale businesses.

Average Trading Volume: 24,454,361

Technical Sentiment Signal: Buy

Current Market Cap: £26.18B

For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.