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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase of 946,217 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled. This transaction, conducted on the London Stock Exchange, follows previous announcements and reflects Tesco’s ongoing efforts to enhance shareholder value. The buyback program has seen the company purchase a total of 200,782,910 shares since April 2025, amounting to £777.4 million. The reduction in shares is expected to impact the company’s share capital structure and potentially influence shareholder interests.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £466.00 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 strategic share buyback program are the most significant factors contributing to its high score. The technical analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
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 primarily operates in the retail industry, offering a wide range of products including food, clothing, and household goods. Tesco is known for its extensive network of stores and a strong market presence in the UK and other countries.
Average Trading Volume: 17,577,269
Technical Sentiment Signal: Buy
Current Market Cap: £27.44B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.