Tesco PLC Advances Share Buyback Program with Latest Purchase

Tesco plc ( (GB:TSCO) ) just unveiled an announcement.

Tesco PLC announced the purchase of 2,565,000 of its own ordinary shares as part of its £700 million share buyback program, with the purchased shares set to be cancelled. This action is part of a broader strategy to enhance shareholder value, with a total of 136,996,217 shares purchased since April 2025, amounting to over £515 million. The buyback reduces the number of shares in circulation, potentially increasing the value of remaining shares and demonstrating the company’s confidence in its financial health.

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 robust financial performance and strategic share buyback program are major strengths, indicating financial stability and shareholder value enhancement. The technical indicators suggest positive momentum, although the stock approaches overbought levels. The valuation metrics reinforce its attractiveness as an income-generating investment.

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, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.

Average Trading Volume: 23,667,638

Technical Sentiment Signal: Buy

Current Market Cap: £26.31B

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