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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco has repurchased 131,672 of its own ordinary shares as part of the share buyback programme launched in March 2024, paying a volume-weighted average price of 4,346.8597p per share. The company intends to cancel the shares, reducing the number of ordinary shares in issue with voting rights to about 2.18 billion and leaving nearly 133 million shares held in treasury, a move that marginally enhances earnings per share and underscores the group’s continued focus on returning capital to shareholders while providing updated figures for investors monitoring disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £41.50 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 one of the world’s largest tobacco groups, producing and selling cigarettes and other nicotine products across global markets. The London-listed company operates in the consumer staples sector and is widely held by income-focused investors attracted by its dividend and capital-return policies.
Average Trading Volume: 4,298,440
Technical Sentiment Signal: Buy
Current Market Cap: £94.01B
See more data about BATS stock on TipRanks’ Stock Analysis page.