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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 1,590,242 ordinary shares as part of its £1.45 billion share buyback program, with shares to be cancelled, reducing the total number of shares in issue. This move is part of a broader strategy to enhance shareholder value, having already purchased 233,003,627 shares since April 2025, totaling £918.3 million.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £501.00 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 plc’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The technical analysis supports a bullish outlook, while the valuation suggests a premium price. Overall, Tesco is well-positioned for growth, but maintaining financial discipline will be crucial.
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 operates in the retail industry, offering a wide range of products including food, clothing, electronics, and financial services, with a strong market presence in the UK and several other countries.
Average Trading Volume: 14,473,145
Technical Sentiment Signal: Buy
Current Market Cap: £29.01B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.