Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tesco plc ( (GB:TSCO) ) just unveiled an announcement.
Tesco PLC announced the purchase of 924,390 of its own ordinary shares as part of its £1.45 billion share buyback program, following shareholder approval at the 2025 Annual General Meeting. This transaction, executed through Goldman Sachs International, is part of a broader strategy that has seen the company buy back a total of 218,559,413 shares since April 2025, amounting to £854.5 million. The repurchased shares will be cancelled, reducing the total number of shares in circulation, which may impact shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £460.00 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 UK. It operates primarily 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 several other countries.
Average Trading Volume: 14,804,465
Technical Sentiment Signal: Buy
Current Market Cap: £28.51B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.