Food and Beverage Retail

Tesco PLC

Erste Group and Deutsche Bank Maintain Buy Rating on Tesco plc

Jefferies Analyst Reiterates Hold Rating on Tesco

JPMorgan Analyst Reiterates Buy Rating on Tesco

Tesco CEO Warns of Possible Food Shortages Due to Middle East Conflict

Tesco Reports Significant Growth in Market Share and Revenue in H2 2026 Financials

Tesco Announces Annual Results and Provides Guidance on Future Outlook

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Tesco's share price fell over 2% to 443p, its lowest since February, amid UK government pressure to cap price increases on essentials. This decline follows a positive inflation report from the ONS. Analysts warn of potential price hikes in July due to energy price revisions. Despite this, Tesco's market share and revenue grew, with a profit before tax of over £2.4 billion. The next trading statement is expected on June 18, with technical analysis indicating potential further declines.

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Here’s why the Tesco share price is falling today (May 20)

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Tesco plc is advancing its £750 million share buyback program, having repurchased 436,666 shares at an average price of 458.02p. This move reduces the share count to 6,378,879,288 and signals capital discipline, potentially enhancing earnings per share and supporting stock valuation. Tesco's commitment to returning excess capital is evident as it continues to retire shares. The latest analyst rating for Tesco stock is a Hold with a £460.00 price target, while TipRanks’ AI Analyst rates it as Outperform, citing solid financial execution and attractive valuation.

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Tesco

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Tesco Advances £750m Buyback, Cuts Share Count Further

Tesco PLC insider Ken Murphy purchased 29 shares at an average price of GBX 466 per share, totaling £135.14, on May 8th. This follows a previous purchase of 29 shares at GBX 482 each on February 13th. Tesco's stock opened at GBX 457.79, with a market cap of £29.05 billion and a PE ratio of 16.89. Analysts have set a consensus price target of GBX 478.75, with four analysts rating the stock as a "Buy."

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Tesco (LON:TSCO) Insider Ken Murphy Buys 29 Shares

Tesco plc has repurchased 421,865 shares at an average price of 474.09 pence as part of its £750 million buyback program, reducing its share count to 6,381,032,720. Since April 22, 2026, Tesco has bought back 4,150,076 shares worth £20 million, enhancing earnings per share and reinforcing market confidence. The latest analyst rating for Tesco stock is a Hold with a £460.00 price target, while TipRanks’ AI Analyst rates it as Outperform due to solid financial execution and attractive valuation. Tesco is a leading U.K. grocery retailer focused on delivering returns to shareholders.

Tesco Cancels Further Shares as £750m Buyback Programme Progresses

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Supermarket inflation remains stable as falling cooking oil prices, particularly rapeseed oil, have contributed to keeping shop price inflation around zero. A survey of three major supermarkets revealed mixed price changes, with some items increasing, such as chopped tomatoes and tenderstem broccoli, while others, like sourdough bread and chocolate, saw price reductions. Overall, average prices at Tesco rose by 0.1%, while Sainsbury's and Waitrose experienced slight declines. This suggests a temporary stability in prices, although potential future increases in food inflation are anticipated.

- City AM conducted a price survey across three major supermarkets, finding that a 500ml bottle of rapeseed oil decreased by an average of 14% from April to May.  
- Despite some price increases for items like chopped tomatoes and broccoli, overall shop price inflation remained around zero, with minor fluctuations across the stores.  
- The data indicates a mixed response in pricing strategies among the supermarkets, suggesting that while some prices have increased, others have decreased, generating virtually neutral net changes in average prices.

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Supermarket inflation: Falling oil prices help keep costs down at the till

Erste Group has reaffirmed a Buy rating on Tesco plc (TSCO) in a report by Stephan Lingnau, with shares closing at p480.75. The analyst consensus suggests a Moderate Buy rating with an average price target of p513.89, indicating a potential upside of 6.89%. Deutsche Bank also maintains a Buy rating with a price target of p525.00. Lingnau has an average return of 8.5% and a success rate of 63.89% on his stock recommendations.

Erste Group Reaffirms Their Buy Rating on Tesco plc (TSCO)

The UK government is reviewing a controversial £2bn sustainable packaging tax amid rising food inflation pressures from retailers. The Extended Producer Responsibility (EPR) tax, which requires businesses to cover packaging disposal costs, has faced criticism for potentially increasing household expenses. Retailers, including Tesco and Sainsbury's, are urging the government to reduce tax burdens to help keep food prices down. The Food and Drink Federation warns food inflation could reach 9-10% this year, exacerbated by rising energy and shipping costs due to geopolitical tensions. The government has ruled out scrapping the EPR tax entirely, citing its economic benefits.

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Tesco plc has announced that as of April 30, 2026, its issued share capital consists of 6,382,293,795 ordinary shares, each with one vote, and no treasury shares. This total share count will aid shareholders in calculating disclosure thresholds under FCA rules. The current analyst rating for Tesco stock (GB:TSCO) is a Hold with a price target of £460.00, while TipRanks’ AI Analyst rates it as Outperform, citing strong financial performance and an attractive valuation. Tesco is a leading U.K. retailer focused on food and everyday essentials.

Tesco Confirms Total Voting Rights and Share Capital for Disclosure Purposes

Jefferies analyst Frederick Wild has reaffirmed a Hold rating on Tesco plc (TSCO) with a price target of p460.00. This follows a similar Hold rating from RBC Capital's Manjari Dhar. In contrast, Deutsche Bank has reiterated a Buy rating on Tesco on the same day. Wild is ranked #6212 out of 12158 analysts according to TipRanks.

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Jefferies Reaffirms Their Hold Rating on Tesco plc (TSCO)

Tesco PLC(TSCO.UK)