Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tesco plc ( (GB:TSCO) ) has shared an announcement.
Tesco has continued executing its £750 million share buyback programme, repurchasing 421,875 ordinary shares on 7 May 2026 at an average price of 471.78p, with the shares to be cancelled. This latest transaction reduces the number of shares in issue to 6,380,610,845, simplifying the capital structure and potentially enhancing earnings per share for investors.
Since the launch of the current phase of the buyback on 22 April 2026, Tesco has bought a total of 4,571,951 shares for cancellation at a cost of £22 million. The company’s ongoing purchases, carried out via Citigroup Global Markets, underline management’s confidence in its financial position and provide a clearer reference share-count for stakeholders monitoring disclosure thresholds.
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 UK-based grocery and general merchandise retailer, operating supermarkets, convenience stores and online channels. The company focuses on serving mass-market consumers with food, household goods and related services across the UK and several international markets.
Average Trading Volume: 17,725,007
Technical Sentiment Signal: Buy
Current Market Cap: £30.13B
For detailed information about TSCO stock, go to TipRanks’ Stock Analysis page.