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Tesco plc ( (GB:TSCO) ) just unveiled an announcement.
Tesco PLC announced the purchase of 1,361,017 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the number of shares in circulation. This move is part of a broader strategy initiated in April 2025, where the company has already purchased over 43 million shares, indicating a focus on enhancing shareholder value and optimizing capital structure.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £400.00 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 significant positives, enhancing shareholder value and supporting a stable outlook. Despite short-term technical challenges, the fair valuation and robust dividend yield offer a balanced investment proposition in the grocery industry.
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 based in the United Kingdom. It 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: 24,414,723
Technical Sentiment Signal: Strong Buy
Current Market Cap: £24.39B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.