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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has announced the purchase of 1,025,199 of its own ordinary shares as part of its ongoing £1.45 billion share buyback program. The shares, acquired at an average price of 414.67 pence, will be cancelled, reducing the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value and optimize the company’s capital structure, having already purchased shares worth £753.2 million 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’s strong financial performance and positive corporate events, particularly the share buyback program, are significant strengths. The technical analysis and valuation are supportive but not overly compelling. Overall, Tesco presents a solid investment opportunity with a focus on shareholder value.
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 United Kingdom. The company is known for its wide range of products including food, clothing, and household goods, and it focuses on providing value to its customers through competitive pricing and a comprehensive shopping experience.
Average Trading Volume: 18,905,432
Technical Sentiment Signal: Buy
Current Market Cap: £26.86B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.