Tesco Cancels Further Shares as £750m Buyback Programme Progresses

Claim 55% Off TipRanksUnlock 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 An update from Tesco plc ( (GB:TSCO) ) is now available. Tesco plc has repurchased 421,865 ordinary shares at an average price of 474.09 pence per share as part of its ongoing £750 million share buyback programme, with the shares to be cancelled, reducing its share count. Following this latest transaction, the total number of ordinary shares in issue stands at 6,381,032,720, and since the start of the current phase of the programme on 22 April 2026, Tesco has bought back 4,150,076 shares worth £20 million, a move that tightens its capital base and may enhance earnings per share for investors. The updated share count figure provides the reference denominator for investors and other stakeholders when calculating disclosure thresholds under U.K. transparency rules. This continued execution of the buyback underlines Tesco’s commitment to returning excess capital to shareholders while potentially improving share liquidity and reinforcing market confidence in its financial position. 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 supermarkets, hypermarkets and convenience stores with a focus on food, household goods and everyday essentials. The company competes in a highly competitive retail market, where capital allocation decisions such as share buybacks and dividends play a key role in delivering returns to shareholders and signalling confidence in its long-term strategy. Average Trading Volume: 17,263,939 Technical Sentiment Signal: Buy Current Market Cap: £30.51B Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.