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An update from Tesco plc ( (GB:TSCO) ) is now available.
Tesco plc has repurchased 406,808 ordinary shares on 24 April 2026 at an average price of 491.63 pence as part of its ongoing £750 million share buyback programme, with the shares to be cancelled, reducing the total number of shares in issue to 6,383,953,638. Since the latest phase of the programme began on 22 April 2026, Tesco has acquired 1,229,158 shares for £6.0 million, a move that tightens its share capital base and may enhance earnings per share, underlining management’s continued focus on returning capital to shareholders and signalling confidence in the company’s financial position.
The most recent analyst rating on (GB:TSCO) stock is a Hold 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 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 and convenience stores with a focus on food, household goods and everyday consumer products. The company competes in a highly consolidated retail market, where capital allocation decisions, including buybacks and dividends, are closely watched by investors seeking signals on financial strength and shareholder returns.
Average Trading Volume: 17,579,208
Technical Sentiment Signal: Buy
Current Market Cap: £31.16B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.