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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC has executed a share buyback transaction, purchasing 1,301,084 ordinary shares at an average price of 426.07 pence per share as part of its £700 million share buyback program. This move, which follows a series of similar transactions since April 2025, reflects the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and strengthening its market position.
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, robust cash flows, and effective capital management through share buybacks are the key strengths driving its stock score. The technical analysis suggests potential overbought conditions, while the valuation remains moderate with a questionably high dividend yield. The absence of recent earnings call data slightly limits the overall assessment.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer based in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. It operates a vast network of stores and has a significant market presence in the UK and other countries.
Average Trading Volume: 20,153,230
Technical Sentiment Signal: Buy
Current Market Cap: £27.16B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.