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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco PLC has continued executing its £750 million share buyback programme, purchasing 4,418,579 ordinary shares on 19 May 2026 at an average price of 464.68p, with the shares to be cancelled. This latest transaction reduces the number of shares in issue to 6,359,546,891, providing a new reference figure for shareholders and other market participants monitoring disclosure thresholds.
Since the buyback’s commencement in April 2026, Tesco has acquired a total of 25,635,905 shares for cancellation, representing £118.1 million in aggregate. The continued reduction of the share count underscores the company’s ongoing capital return strategy, which may enhance earnings per share and signal management’s confidence in Tesco’s financial position and long-term prospects.
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 extensive supermarket and convenience store networks alongside online channels. The company focuses on mass-market food, everyday essentials, and related services, competing in a highly consolidated and price-sensitive retail sector.
Average Trading Volume: 18,305,005
Technical Sentiment Signal: Strong Buy
Current Market Cap: £29.22B
For a thorough assessment of TSCO stock, go to TipRanks’ Stock Analysis page.