Tesco PLC Advances Share Buyback Programme with Latest Purchase

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

Tesco PLC has announced the purchase and cancellation of 973,508 ordinary shares as part of its £1.45 billion share buyback programme. This transaction, executed on the London Stock Exchange, is part of a broader strategy to enhance shareholder value, having already cancelled 195,963,720 shares since April 2025, amounting to £757.2 million. The reduction in shares is expected to impact the company’s share capital structure, potentially increasing earnings per share and providing a positive signal to the market.

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 significant strengths, enhancing shareholder value and reflecting confidence in its financial health. The technical indicators suggest a neutral market position, while the valuation metrics indicate a fair market price.

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 headquartered in the UK. It operates in the retail industry, offering a wide range of products including food, clothing, and household goods, with a strong market presence in the UK and expanding operations globally.

Average Trading Volume: 18,905,432

Technical Sentiment Signal: Buy

Current Market Cap: £26.86B

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