Tesco PLC Advances Share Buyback Strategy with Latest Purchase

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

Tesco PLC has announced the purchase of 3,464,800 ordinary shares as part of its £700 million share buyback program, with the shares being cancelled to reduce the total number of shares in circulation. This move is part of a broader strategy that has seen the company buy back over 109 million shares since April 2025, totaling over £408 million, which is expected to enhance shareholder value and optimize 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 strong financial performance and strategic share buyback program are significant strengths, enhancing shareholder value and indicating robust financial health. Technical indicators suggest positive momentum, although there is caution due to the RSI. The P/E ratio suggests potential overvaluation, balanced by 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 headquartered in the United Kingdom. It operates in the retail industry, focusing on providing a wide range of products including food, clothing, electronics, and financial services to its customers across various markets.

Average Trading Volume: 24,983,674

Technical Sentiment Signal: Buy

Current Market Cap: £25.74B

See more data about TSCO stock on TipRanks’ Stock Analysis page.