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Tesco plc ( (GB:TSCO) ) has provided an update.
Tesco plc has continued to execute its £750 million share buyback programme, repurchasing 415,107 ordinary shares on 30 April 2026 at an average price of 481.80 pence per share through Citigroup Global Markets. The purchased shares will be cancelled, reducing the total number of ordinary shares in issue to 6,382,293,795 and providing an updated figure for investors to use in calculating disclosure thresholds.
Since the launch of the current tranche of the buyback on 22 April 2026, Tesco has acquired a total of 2,889,001 shares for cancellation, representing an aggregate outlay of about £14 million. The ongoing repurchases underscore the retailer’s commitment to returning excess capital to shareholders and may improve metrics such as earnings per share by shrinking the share count, while also signalling management’s confidence in the company’s financial position.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £460.00 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, hypermarkets and convenience stores with a strong focus on food, everyday essentials and value-oriented offerings for mass-market consumers. The company competes in a mature, highly competitive retail landscape and uses capital-return programmes, including share buybacks, to enhance shareholder value and manage its capital structure.
Average Trading Volume: 17,547,923
Technical Sentiment Signal: Buy
Current Market Cap: £30.51B
See more data about TSCO stock on TipRanks’ Stock Analysis page.