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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 2,038,927 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in issue. This move is part of a larger strategy that has seen the company buy back over 153 million shares since April 2025, enhancing shareholder value and potentially improving earnings per share.
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 corporate actions such as share buybacks significantly enhance its stock appeal. The technical analysis indicates positive momentum, although caution is advised due to potential overbought conditions. Valuation metrics suggest the stock is fairly priced, with a solid dividend yield adding to its investment appeal.
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, primarily operating in the UK and Ireland. The company offers a wide range of products including food, clothing, electronics, and financial services, catering to a diverse customer base.
Average Trading Volume: 22,936,816
Technical Sentiment Signal: Buy
Current Market Cap: £26.25B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.