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An announcement from Tesco plc ( (GB:TSCO) ) is now available.
Tesco plc has continued execution of its £750 million share buyback programme, repurchasing 406,553 ordinary shares on 22 April 2026 at an average price of 491.94 pence. The shares, acquired through Citigroup Global Markets, will be cancelled, reducing the total number of shares in issue to 6,384,776,243 and confirming that Tesco holds no shares in treasury.
The transaction, totalling about £2.0 million since the latest programme update, incrementally enhances earnings per share and signals ongoing capital returns to shareholders. The updated share count also provides a new reference denominator for investors and other market participants monitoring disclosure thresholds under UK transparency rules.
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 UK-based multinational grocery and general merchandise retailer, operating supermarkets, convenience stores, and online channels. The company focuses on the mass-market food and everyday essentials segment, competing with other major supermarket chains in the UK and international markets.
Average Trading Volume: 17,293,598
Technical Sentiment Signal: Buy
Current Market Cap: £30.99B
See more data about TSCO stock on TipRanks’ Stock Analysis page.