Tesco Cuts Share Count Further as £1.45bn Buyback Nears Completion

Tesco plc ( (GB:TSCO) ) just unveiled an announcement.

Tesco plc has continued execution of its £1.45 billion share buyback programme, purchasing 429,649 ordinary shares on 19 January 2026 on the London Stock Exchange for cancellation, at an average price of 425.92 pence per share. Following this latest transaction, Tesco’s share count has been reduced to 6,385,182,796 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 351,658,966 shares for £1.45 billion since the programme’s launch, tightening its share base and potentially enhancing earnings per share and capital returns for investors while signalling confidence in its financial position.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £430.00 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 one of the UK’s largest grocery and general merchandise retailers, operating supermarkets, convenience stores and online channels, with a primary focus on food, everyday essentials and related services for mass-market consumers in the UK and internationally.

Average Trading Volume: 15,117,815

Technical Sentiment Signal: Buy

Current Market Cap: £26.82B

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