Tesco PLC Advances Share Buyback Program with New Purchase

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

Tesco PLC announced the purchase of 3,466,800 ordinary shares as part of its £700 million 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 purchased over 116 million shares since April 2025, totaling over £435 million.

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 positive corporate events, such as share buybacks and executive share acquisitions, are key strengths. Technical indicators suggest moderate bullish momentum, while valuation metrics indicate a fair market position.

To see Spark’s full report on GB:TSCO stock, click here.

More about Tesco plc

Tesco PLC operates in the retail industry, primarily focusing on grocery and general merchandise. It is one of the largest retailers in the UK, with a significant presence in the European market.

Average Trading Volume: 24,658,373

Technical Sentiment Signal: Buy

Current Market Cap: £25.74B

For an in-depth examination of TSCO stock, go to TipRanks’ Stock Analysis page.