Tesco Advances £1.45bn Buyback With Further Share Purchases

The latest update is out from Tesco plc ( (GB:TSCO) ).

Tesco plc has continued executing its £1.45 billion share buyback programme, repurchasing 475,248 ordinary shares on 8 January 2026 on the London Stock Exchange at an average price of 425.18 pence per share, with all shares bought to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,388,463,669 shares in issue, with no shares held in treasury, and the company has now acquired 348,378,093 shares in total for £1,436.2 million since the programme’s launch, signalling an ongoing commitment to returning capital to shareholders and tightening its share base, which may enhance earnings per share and support its valuation.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.00 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 grocery and general merchandise retailer, operating supermarkets and convenience stores with a primary focus on food, everyday essentials and related services for mass-market consumers.

Average Trading Volume: 14,995,633

Technical Sentiment Signal: Buy

Current Market Cap: £28.94B

For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.