Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco PLC has continued its share buyback program by purchasing 267,509 ordinary shares on the London Stock Exchange at an average price of 373.82 pence per share. This transaction, in line with the authority granted by shareholders at the 2024 Annual General Meeting, reduces the total number of shares in issue to 6,746,069,915. The program is part of a £1 billion buyback initiative, which aims to enhance shareholder value by reducing the number of shares outstanding, potentially increasing earnings per share and indicating confidence in the company’s financial health.
More about Tesco plc
Tesco PLC is a leading multinational retailer headquartered in the UK, primarily engaged in the grocery and general merchandise sector. It operates extensively in the UK and internationally, focusing on providing a wide range of food and non-food products to its customers.
YTD Price Performance: 33.10%
Average Trading Volume: 22,726,679
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £24.95B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.
