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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the purchase of 963,827 ordinary shares as part of its ongoing £1.45 billion share buyback program. The shares, purchased at an average price of 423.36 pence, will be cancelled, reducing the total number of shares in issue to 6,552,617,513. This move is part of a broader strategy to enhance shareholder value, having already acquired 184,224,249 shares since April 2025, amounting to £708.1 million.
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 is the primary driver of its stock score, supported by a robust share buyback program. Technical indicators are positive but show signs of potential overbought conditions. The valuation is moderate, with a high dividend yield warranting further exploration.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer headquartered in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. The company operates a chain of supermarkets and convenience stores, focusing on providing a wide range of products to consumers in the UK and internationally.
Average Trading Volume: 18,671,553
Technical Sentiment Signal: Buy
Current Market Cap: £27.6B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.