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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase of 964,983 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled following the transaction. This move is part of a broader strategy to enhance shareholder value, having already purchased over 204 million shares since April 2025, indicating a strong commitment to returning capital to shareholders and potentially improving the company’s stock market performance.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.75 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 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. It operates in the retail industry, providing a wide range of products including food, clothing, and electronics, with a significant market presence in the UK and other countries.
Average Trading Volume: 16,739,678
Technical Sentiment Signal: Buy
Current Market Cap: £28.07B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.