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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has continued execution of its £1.45 billion share buyback programme, repurchasing 480,327 ordinary shares on 9 January 2026 at an average price of 416.38p per share. The shares, acquired via Citigroup Global Markets, will be cancelled, reducing the number of ordinary shares in issue to 6,387,983,342 and leaving the company with no treasury shares. Since launching the programme in April 2025, Tesco has bought back 348,858,420 shares for cancellation at a total cost of £1,438.2 million, a move that tightens its share capital base and may enhance earnings per share and shareholder value while giving investors an updated denominator for regulatory disclosure thresholds.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 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, convenience stores and online shopping platforms. It competes in the highly competitive food and consumer goods market, serving mass-market customers domestically and internationally with a focus on scale, value and everyday essentials.
Average Trading Volume: 15,499,052
Technical Sentiment Signal: Buy
Current Market Cap: £26.41B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.