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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC announced the purchase of 2,351,571 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value, having already repurchased 275,817,605 shares since April 2025, indicating a significant commitment to returning capital to shareholders.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £440.00 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, primarily operating in the United Kingdom. The company offers a wide range of products including food, clothing, and household goods, and is focused on maintaining a strong market presence through competitive pricing and strategic initiatives.
Average Trading Volume: 14,029,645
Technical Sentiment Signal: Buy
Current Market Cap: £28.15B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.