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BAT Cancels Newly Repurchased Shares in Ongoing Buyback Programme

Story Highlights
  • British American Tobacco repurchased 93,337 shares as part of its ongoing buyback, intending to cancel them.
  • After cancellation, BAT will have about 2.17 billion voting shares, tightening free float and supporting capital management objectives.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
BAT Cancels Newly Repurchased Shares in Ongoing Buyback Programme

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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.

British American Tobacco has repurchased 93,337 of its own ordinary shares on 27 February 2026 from Banco Santander as part of the ongoing share buyback programme authorised by shareholders in April 2025. The company plans to cancel these shares, leaving 2,174,735,544 ordinary shares in issue with voting rights and 132,976,327 shares held in treasury, a move that marginally reduces the free float and supports capital management and earnings per share for investors.

The shares were bought at prices ranging between 4,576.00p and 4,671.00p, with a volume-weighted average price of 4,617.6633p on the London Stock Exchange. The detailed trade disclosures comply with UK Market Abuse Regulation requirements and provide transparency for shareholders monitoring their notification thresholds under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3600.00 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.

The score is driven primarily by solid-but-not-clean financial performance (profitability strength offset by leverage and a notable 2025 cash-flow decline). Valuation is supportive due to the high dividend yield and moderate P/E, while technicals are broadly neutral. Earnings-call guidance and capital-return plans help, but are tempered by vapor/illicit pressures and regional weakness.

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

More about British American Tobacco

British American Tobacco p.l.c. is a multinational tobacco group that manufactures and sells cigarettes and other nicotine products. Listed in London, it is one of the largest players in the global tobacco industry, with a broad international shareholder base and a focus on returning capital to investors alongside its core tobacco operations.

Average Trading Volume: 4,349,595

Technical Sentiment Signal: Buy

Current Market Cap: £100.6B

Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.

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