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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco has continued executing its £750 million share buyback programme, purchasing 421,798 ordinary shares on 5 May 2026 at an average price of 474.16p, with the shares to be cancelled to reduce its share capital. Since the launch of the current phase of the programme in April, the company has bought back a total of 3,728,211 shares, worth about £18 million, leaving 6,381,454,585 shares in issue, a change that may affect ownership calculations and underscores Tesco’s ongoing focus on returning capital to shareholders.
The updated share count provides a new reference denominator for investors and other stakeholders required to disclose significant holdings under U.K. transparency rules. By cancelling the repurchased shares rather than holding them in treasury, Tesco is signalling a long-term commitment to enhancing earnings per share and optimising its capital structure, a move likely to be closely monitored by the market and regulatory observers.
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 supermarkets, hypermarkets and convenience stores with a strong focus on food, household goods and everyday essentials. The company serves mass-market consumers and competes in a highly consolidated retail sector where capital allocation and shareholder returns are closely watched by investors.
Average Trading Volume: 17,263,939
Technical Sentiment Signal: Buy
Current Market Cap: £30.51B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.