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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC announced the purchase of 2,409,356 ordinary shares as part of its £700 million share buyback program, with shares to be cancelled. This move, following the acquisition of over 146 million shares since April 2025, aims to enhance shareholder value and reflects Tesco’s strategic focus on optimizing its 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’s robust financial performance, strategic share buyback program, and favorable technical indicators contribute to a positive outlook. The company’s consistent profitability, stable cash flows, and shareholder-friendly initiatives are significant strengths. Technical indicators support a bullish trend, although the valuation is only moderately attractive.
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. It offers a wide range of products including food, clothing, and household goods, and is known for its strong market presence and customer loyalty.
Average Trading Volume: 22,780,848
Technical Sentiment Signal: Buy
Current Market Cap: £26.35B
See more data about TSCO stock on TipRanks’ Stock Analysis page.