Tesco Continues £1.45bn Buyback With Further Share Cancellation

Tesco plc ( (GB:TSCO) ) has shared an announcement.

Tesco plc has continued executing its £1.45 billion share buyback programme, repurchasing 451,485 ordinary shares on 2 January 2026 at an average price of 442.98p per share, with all shares bought to be cancelled. Following this latest transaction, Tesco’s total shares in issue fall to 6,390,277,014, with no treasury shares held, and the company has now acquired 346,564,748 shares in aggregate since April 2025 for £1,428.1 million, a move that reduces its share count and can enhance earnings per share while providing updated reference figures for investors’ disclosure and transparency calculations.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 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 GB:TSCO Stock

According to Spark, TipRanks’ AI Analyst, GB:TSCO is a Outperform.

Tesco plc’s overall stock score reflects a stable financial performance with some challenges in revenue growth and cash flow. The technical analysis suggests a positive momentum, and the valuation is fair. The earnings call provided a positive outlook with raised profit guidance, and the significant share buyback program enhances shareholder value.

To see Spark’s full report on GB: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 food retail, household goods and related services, serving both domestic and international markets with a strong presence on the London Stock Exchange.

Average Trading Volume: 14,984,430

Technical Sentiment Signal: Buy

Current Market Cap: £28.13B

For an in-depth examination of TSCO stock, go to TipRanks’ Overview page.