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The latest update is out from Tesco plc ( (GB:TSCO) ).
Tesco PLC has repurchased 5,642,212 ordinary shares at an average price of 448.31p as part of its ongoing £750 million share buyback programme, with all purchased shares to be cancelled. Following this transaction, the company’s total ordinary shares in issue fall to 6,368,263,277, providing an updated share count for investors’ disclosure and transparency calculations.
Since the commencement of this phase of the buyback on 22 April 2026, Tesco has acquired a total of 16,919,519 shares for £77.9 million, signalling continued capital return to shareholders. The reduction in share capital is expected to enhance earnings per share and underscores management’s confidence in the business and its financial position, reinforcing Tesco’s capital allocation strategy in the competitive retail market.
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 UK-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, and is a key player in the UK retail sector with a substantial listed share capital base.
Average Trading Volume: 17,981,052
Technical Sentiment Signal: Strong Buy
Current Market Cap: £28.44B
See more data about TSCO stock on TipRanks’ Stock Analysis page.