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The latest announcement is out from Tesco plc ( (GB:TSCO) ).
Tesco has disclosed another tranche of purchases under its £750 million share buyback programme, acquiring 435,284 ordinary shares on 12 May 2026 at an average price of 459.47p, with the stock to be cancelled. The transaction, executed through Citigroup Global Markets, reflects the board’s continued use of surplus capital to shrink the equity base and support per-share metrics.
Following this latest transaction, Tesco’s ordinary shares in issue fall to 6,379,315,954, a figure the company highlighted as the new reference point for regulatory disclosure thresholds. Since the programme’s formal commencement in April, Tesco has bought back 5,866,842 shares for £28.0 million in aggregate, signalling steady progress toward the current buyback target and reinforcing management’s confidence in cash generation and the group’s financial position.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £460.00 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 TSCO Stock
According to Spark, TipRanks’ AI Analyst, TSCO is a Outperform.
The score is driven primarily by solid financial execution (improving profitability and strong recent cash generation) and an attractive valuation (low P/E with a ~3% dividend). The earnings call reinforced confidence via upgraded cash outlook and continued buybacks, while leverage, thin margins, and cost/competitive pressures keep the score from moving higher; technicals are supportive but only moderately strong.
To see Spark’s full report on TSCO stock, click here.
More about Tesco plc
Tesco PLC is a leading U.K.-based grocery and general merchandise retailer, operating large-format stores, convenience outlets and online platforms serving mass-market consumers. The company competes in a highly consolidated food retail sector, where capital allocation decisions such as buybacks and dividends are closely watched by investors seeking steady cash returns and balance-sheet discipline.
Average Trading Volume: 17,680,760
Technical Sentiment Signal: Strong Buy
Current Market Cap: £29.62B
See more data about TSCO stock on TipRanks’ Stock Analysis page.