Tesco (LSE: TSCO) traded at approximately 360p per share in early 2026, equivalent to roughly $4.60 USD. The stock has recovered from a decade-long low of 145p reached in 2016 following the 2014 accounting scandal, with the share price doubling over eight years as the company rebuilt profitability, simplified its portfolio, and defended its UK market share leadership against Aldi and Lidl.
Stock Price of Tesco
LSE share price (pence) — ticker TSCO. Data from the 1947 listing through early 2026. The 2007 peak of ~500p reflects the global expansion era; the 2016 trough of ~145p reflects post-scandal restructuring.
Tesco Stock Forecast
Analyst views on TSCO are broadly positive for 2026. Most 12-month price targets range from 360p to 420p, reflecting confidence in Tesco's market share stability and growing contribution from its Tesco Media and Insight Platform. The key risk is a renewed UK consumer squeeze reducing grocery spending. Sainsbury's and Marks & Spencer are the primary share threats at the premium end, while Aldi and Lidl apply constant pressure at the value tier.
Tesco Valuation
Timeline of Tesco Funding
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1919
Founder CapitalJack Cohen launches his market stall in Hackney with £30 saved from his World War I military service, funding early operations purely from daily trading profits before expanding across East London.
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1947
London Stock Exchange ListingTesco Stores (Holdings) Ltd. lists on the London Stock Exchange, raising public equity capital that funds the rollout of self-service supermarkets across England as post-war consumer spending recovers.
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2000
Asia and Eastern Europe ExpansionTesco expands into South Korea, Thailand, and multiple Eastern European markets using retained earnings and debt, building an international business that at its peak contributes over 30% of group revenue.
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2016
Booker Acquisition — Debt-FundedTesco acquires UK food wholesaler Booker Group for £3.7 billion in a share-and-cash deal, adding the leading UK cash & carry and symbol group to create a combined food business serving both retail and wholesale customers.
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2021
Share Buyback ProgrammeTesco launches a £750 million share buyback programme funded from proceeds of the Central European business disposal, returning capital to shareholders and signalling management's confidence in the ongoing profitability recovery.