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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco PLC has continued its £1.45 billion share buyback programme by repurchasing 476,159 ordinary shares on 13 January 2026 at an average price of 420.03 pence per share, with the shares set to be cancelled. Following this latest transaction, Tesco’s total shares in issue fall to 6,387,027,282, with no shares held in treasury, and since the programme’s launch in April 2025 the company has bought back 349,814,480 shares for approximately £1.44 billion, effectively returning capital to shareholders and slightly increasing earnings per share while providing an updated share count for investors’ disclosure and transparency calculations.
The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 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 primarily through large-format supermarkets, convenience stores and online channels, with a core focus on food retailing and everyday consumer goods for mass-market customers.
Average Trading Volume: 15,478,664
Technical Sentiment Signal: Buy
Current Market Cap: £26.41B
Learn more about TSCO stock on TipRanks’ Stock Analysis page.