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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC has continued executing its £1.45 billion share buyback programme, repurchasing 443,118 ordinary shares on 7 January 2026 at an average price of 451.35p per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,388,938,917 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 347,902,845 shares worth £1,434.1 million since the programme’s launch in April 2025, a move that further consolidates its capital base and enhances returns per share for existing investors while updating the denominator used for regulatory disclosure calculations.
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 the UK market and a significant presence in online food retailing. The company competes in a highly consolidated, price-sensitive sector where capital returns and shareholder distributions, including buybacks and dividends, are closely watched by investors.
Average Trading Volume: 14,995,633
Technical Sentiment Signal: Buy
Current Market Cap: £28.94B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.