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Tesco plc ( (GB:TSCO) ) has issued an update.
Tesco PLC has continued executing its £750 million share buyback programme, repurchasing 4,973,799 ordinary shares on 14 May 2026 at an average price of 455.58p per share, with the shares to be cancelled. This latest tranche reduces the number of shares in issue to 6,373,905,489, and brings total purchases since 22 April 2026 to 11,277,307 shares, or £52.6 million, tightening the share base and potentially enhancing earnings per share for investors.
The company confirmed it holds no shares in treasury, meaning all repurchased stock is being removed from circulation and directly affecting the denominator used for regulatory disclosure thresholds. By progressing with the buyback at this pace, Tesco signals confidence in its balance sheet and cash generation, while also returning capital to shareholders in a way that may support its share price and improve capital allocation metrics over time.
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 retailer operating a broad network of supermarkets and convenience stores, with a focus on groceries, general merchandise and related services. The company competes in the highly competitive food retail sector, targeting value-conscious consumers across domestic and international markets.
Average Trading Volume: 17,343,618
Technical Sentiment Signal: Strong Buy
Current Market Cap: £28.59B
For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.