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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has announced the purchase of 909,419 ordinary shares as part of its £1.45 billion share buyback program, with the shares being cancelled. This move, following previous purchases since April 2025, reflects the company’s strategy to enhance shareholder value and adjust its capital structure, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £4.50 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 the most significant factors contributing to its high score. The technical analysis and valuation indicate a stable market position, while the absence of recent earnings call data limits further insights.
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, focusing on providing a wide range of food and non-food products to consumers across various markets.
Average Trading Volume: 15,705,158
Technical Sentiment Signal: Buy
Current Market Cap: £28.55B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.