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Tesco plc ( (GB:TSCO) ) just unveiled an announcement.
Tesco PLC announced the purchase of 1,304,000 of its own ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, having already purchased over 175 million shares since April 2025, and reflects the company’s commitment to returning capital to shareholders while maintaining transparency in its financial operations.
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 scores well due to strong financial performance and effective capital management strategies like share buybacks, which bolster shareholder value. Positive technical indicators further support the stock’s outlook. The valuation is reasonable, adding another layer of attractiveness for income-focused investors.
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. 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: 20,032,373
Technical Sentiment Signal: Buy
Current Market Cap: £27.16B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.