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Tesco plc ( (GB:TSCO) ) has issued an announcement.
Tesco PLC announced the purchase of 4,913,000 ordinary shares as part of its £700 million share buyback program, with the shares being canceled after purchase. This move is part of a larger strategy to enhance shareholder value, having already acquired over 53 million shares since April 2025, indicating a robust commitment to returning capital to shareholders.
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 buybacks form the core strengths. While technical indicators suggest short-term volatility, fair valuation and positive corporate actions provide a balanced investment outlook in the grocery sector.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco PLC is a prominent player in the retail industry, primarily focusing on grocery and general merchandise. The company operates numerous stores across the UK and has a significant presence in the international market.
Average Trading Volume: 25,303,889
Technical Sentiment Signal: Strong Buy
Current Market Cap: £24.13B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.