Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the purchase of 2,103,800 ordinary shares on 30 April 2025 as part of its £700 million share buyback program. These shares will be canceled, reducing the total number of shares in issue to 6,710,043,759. This move is part of Tesco’s ongoing strategy to enhance shareholder value, having already purchased 26,798,003 shares since 10 April 2025, amounting to over £93 million.
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 key strengths, supporting shareholder value and market confidence. While short-term technical indicators suggest caution, the fair valuation and robust dividend yield offer a balanced investment outlook.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading multinational retailer based in the United Kingdom, primarily engaged in the grocery and general merchandise sectors. The company operates a wide range of stores and online services, focusing on providing quality products at competitive prices to a diverse customer base.
YTD Price Performance: -2.99%
Average Trading Volume: 22,913,244
Technical Sentiment Signal: Strong Sell
Current Market Cap: £23.85B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.