Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC announced the purchase of 908,510 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the overall number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, having already acquired 215,809,664 shares since April 2025, totaling £842.5 million. The reduction in share count could potentially improve earnings per share and reflects Tesco’s confidence in its financial stability and future growth prospects.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £470.00 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, primarily operating in the United Kingdom. The company focuses on providing a wide range of products, including food, clothing, and household goods, through its extensive network of stores and online platforms.
Average Trading Volume: 15,264,169
Technical Sentiment Signal: Buy
Current Market Cap: £28.47B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.