Tesco Cancels Further Shares Under £750 Million Buyback Programme

The latest announcement is out from Tesco plc ( (GB:TSCO) ).

Tesco plc has repurchased 415,179 ordinary shares on 28 April 2026 under its ongoing £750 million share buyback programme, at an average price of 481.45p per share, with the shares to be cancelled. Following this latest transaction, Tesco’s shares in issue stand at 6,383,125,695, and the company has bought back 2,057,101 shares in total, worth £10 million since 22 April, signalling continued capital returns to shareholders and a tighter share base for regulatory disclosure calculations.

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 a wide network of supermarkets and convenience stores. The company focuses on food, everyday essentials, and related services for mass-market consumers, maintaining a significant presence in the competitive British retail sector.

Average Trading Volume: 17,553,133

Technical Sentiment Signal: Buy

Current Market Cap: £30.48B

See more data about TSCO stock on TipRanks’ Stock Analysis page.