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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco plc has continued executing its £750 million share buyback programme, repurchasing 4,297,807 ordinary shares on 18 May 2026 at an average price of 457.26 pence. The shares, bought through Citigroup Global Markets, will be cancelled, reflecting the company’s ongoing efforts to return capital to shareholders and optimise its capital structure.
Following this latest transaction, Tesco’s total shares in issue fall to 6,363,965,470, with no shares held in treasury, providing an updated free-float base for investors’ disclosure calculations. Since the programme’s formal commencement on 22 April 2026, the retailer has acquired 21,217,326 shares for cancellation at a total cost of £97.6 million, signalling continued confidence in its financial position and long-term strategy.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.15 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 a large network of supermarkets and convenience stores. The company focuses on serving mass-market consumers with food, household goods and related services, competing in a highly consolidated and price-sensitive retail sector.
Average Trading Volume: 17,981,052
Technical Sentiment Signal: Strong Buy
Current Market Cap: £28.44B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.