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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC has announced the purchase and cancellation of 960,000 ordinary shares as part of its £1.45 billion share buyback program, with shares bought at an average price of 440.15 pence. This transaction reduces the total number of shares in issue to 6,526,511,741, allowing shareholders to adjust their holdings under the Disclosure Guidance and Transparency Rules, reflecting Tesco’s ongoing commitment to returning value to shareholders.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.50 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, primarily operating in the United Kingdom. The company offers a wide range of products including food, clothing, and electronics, focusing on providing value and quality to its customers.
Average Trading Volume: 15,694,893
Technical Sentiment Signal: Buy
Current Market Cap: £28.62B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.