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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco plc has continued executing its £1.45 billion share buyback programme, purchasing 471,892 ordinary shares on 16 January 2026 on the London Stock Exchange at an average price of 423.82p per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count will reduce to 6,385,612,445 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 351.2 million shares worth approximately £1.45 billion since launching the programme in April 2025, a move that signals ongoing capital returns to shareholders and a tighter share base that may enhance earnings per share and support valuation metrics.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £430.00 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 plc’s overall stock score reflects a stable financial performance with some challenges in revenue growth and cash flow. The technical analysis suggests a positive momentum, and the valuation is fair. The earnings call provided a positive outlook with raised profit guidance, and the significant share buyback program enhances shareholder value.
To see Spark’s full report on GB:TSCO stock, click here.
More about Tesco plc
Tesco plc is a leading UK-based multinational retailer, primarily operating supermarkets and convenience stores that sell groceries, household goods and general merchandise, with a core market focus on the UK and Ireland and additional operations in selected international markets.
Average Trading Volume: 15,111,011
Technical Sentiment Signal: Buy
Current Market Cap: £26.82B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.