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Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC has announced the purchase of 959,220 ordinary shares as part of its £1.45 billion share buyback program, with shares being cancelled to reduce the number of shares in circulation. This move is part of a larger strategy that has seen the company buy back a total of 187,148,059 shares since April 2025, 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 £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 enjoys strong financial health and robust cash flows, supported by a strategic share buyback program that enhances shareholder value. The technical analysis indicates positive momentum, though caution is warranted due to the nearing overbought RSI levels. The valuation remains fair with a moderate P/E ratio and a solid 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, primarily operating in the UK. It offers a wide range of products including food, clothing, and household goods, and focuses on providing value and quality to its customers.
Average Trading Volume: 18,205,938
Technical Sentiment Signal: Buy
Current Market Cap: £27.62B
See more insights into TSCO stock on TipRanks’ Stock Analysis page.