Tesco Advances £1.45bn Buyback With New Share Purchase and Cancellation

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

Tesco plc has continued its previously announced £1.45 billion share buyback programme by purchasing 479,901 ordinary shares on 12 January 2026 on the London Stock Exchange at an average price of 416.75p per share, with the shares to be cancelled. Following this latest transaction, Tesco’s total shares in issue will fall to 6,387,503,441, and the company has now bought back 349,338,321 shares in aggregate for cancellation since April 2025, representing a substantial capital return to shareholders and a reduction in share count that may enhance earnings per share and consolidate its position in the UK retail market.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 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 grocery and general merchandise retailer, operating supermarkets, convenience stores and online shopping platforms. The company focuses on serving mass-market consumers with food, household goods and related services across the UK and international markets, competing with other large supermarket chains in a highly competitive retail sector.

Average Trading Volume: 15,478,664

Technical Sentiment Signal: Buy

Current Market Cap: £26.41B

See more insights into TSCO stock on TipRanks’ Stock Analysis page.