Tesco PLC Advances Share Buyback Program with New Purchase

Tesco plc ( (GB:TSCO) ) has shared an update.

Tesco PLC has announced the purchase of 4,127,699 of its own ordinary shares as part of its £700 million share buyback program, with the shares to be canceled. This transaction is part of a broader strategy, having already repurchased over 76 million shares since April 2025, indicating a significant move to return value to shareholders and potentially enhance earnings per share by reducing the number of shares in circulation.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £3.75 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 major positives, enhancing overall shareholder value. Technical indicators reflect positive momentum but suggest caution due to overbought conditions. Valuation metrics show fair value with a healthy dividend yield.

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 focus on providing value and convenience to its customers.

Average Trading Volume: 25,712,642

Technical Sentiment Signal: Buy

Current Market Cap: £25.29B

Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.