Tesco plc (GB:TSCO) has released an update.
Tesco PLC has bought back over six million of its own shares as part of a £1 billion buyback program, purchasing them at an average price of 355.14 pence each. This move reduces the total number of shares in circulation, potentially enhancing shareholder value by increasing earnings per share. Investors may find this action enticing as it reflects the company’s confidence in its financial health.
For further insights into GB:TSCO stock, check out TipRanks’ Stock Analysis page.
