BAT Cancels New Tranche of Share Buybacks, Tightening Free Float

British American Tobacco ( (GB:BATS) ) has shared an announcement.

British American Tobacco has repurchased 149,812 ordinary shares on 9 February 2026 under its ongoing buyback programme, paying a volume-weighted average price of about 4,517 pence per share and planning to cancel the stock. Following this latest tranche, the group will have roughly 2.18 billion shares in issue with voting rights and nearly 133 million shares held in treasury, incrementally boosting earnings per share and tightening its free float for investors monitoring disclosure thresholds under U.K. transparency rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £49.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Spark’s Take on GB:BATS Stock

According to Spark, TipRanks’ AI Analyst, GB:BATS is a Outperform.

British American Tobacco’s overall score is driven by strong technical indicators and positive corporate events, including share buybacks and executive share acquisitions. While financial performance shows robust cash flow, concerns about earnings volatility and a high P/E ratio slightly temper the outlook. The company’s strategic initiatives in innovation and digital transformation are promising, but challenges in specific markets require attention.

To see Spark’s full report on GB:BATS stock, click here.

More about British American Tobacco

British American Tobacco is a global tobacco group headquartered in the U.K., producing and marketing cigarettes, heated tobacco, vaping products and oral nicotine brands. The company operates across developed and emerging markets, where it competes with other multinational tobacco groups for market share in combustible and newer reduced-risk products.

Average Trading Volume: 4,228,819

Technical Sentiment Signal: Buy

Current Market Cap: £99.98B

Learn more about BATS stock on TipRanks’ Stock Analysis page.