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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 2,050,000 of its own ordinary shares as part of its £700 million share buyback program, with the shares to be cancelled. This transaction, conducted on the London Stock Exchange, reflects Tesco’s ongoing efforts to enhance shareholder value and manage its capital structure, as the company has repurchased a total of 157,421,500 shares since April 2025.
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 receives a strong score primarily due to its robust financial performance and positive corporate events, indicating strong management confidence and enhanced shareholder value. Technical analysis shows bullish momentum, although caution is advised due to potential overbought conditions. The valuation remains reasonable in the industry context.
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 headquartered in the United Kingdom. The company operates a wide range of supermarkets and hypermarkets, offering a variety of products including food, clothing, electronics, and financial services, primarily focusing on the UK market.
Average Trading Volume: 22,865,973
Technical Sentiment Signal: Buy
Current Market Cap: £26.57B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.