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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC announced the purchase of 988,528 ordinary shares as part of its £1.45 billion share buyback programme, with shares to be cancelled. This move is part of a broader strategy to enhance shareholder value, having already purchased 191,994,859 shares since April 2025, totaling £740.8 million. The reduction in shares is expected to impact the company’s share capital structure and may influence shareholder interests and market perceptions.
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 the most significant factors contributing to its high score. The technical analysis shows mixed signals, while the valuation is fair with a good dividend yield. The absence of recent earnings call data limits the analysis in that area.
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, providing a wide range of products including food, clothing, electronics, and financial services, with a strong market focus on the UK and international markets.
Average Trading Volume: 18,901,482
Technical Sentiment Signal: Buy
Current Market Cap: £26.48B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.