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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC announced the purchase of 3,153,123 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 Tesco’s ongoing strategy to enhance shareholder value and reflects its robust financial health, as evidenced by the significant number of shares purchased since April 2025, totaling £1,354.1 million.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £507.00 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 overall stock score reflects a stable financial performance with some challenges in revenue growth and cash flow. The technical analysis suggests a positive momentum, and the valuation is fair. The earnings call provided a positive outlook with raised profit guidance, and the significant share buyback program enhances shareholder value.
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, and is known for its extensive network of stores and online shopping services.
Average Trading Volume: 15,707,142
Technical Sentiment Signal: Buy
Current Market Cap: £28.71B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.