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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has announced plans to sell between 7% and 15.3% of its shares in ITC Hotels through an accelerated bookbuild process. The proceeds from this sale will help BAT progress towards its target leverage corridor by the end of 2026. This move is part of BAT’s strategy to optimize its financial position, as the direct stake in ITC Hotels is not considered strategic for the company.
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 Neutral.
British American Tobacco’s overall stock score is driven by strong technical momentum and positive earnings call sentiment, highlighting growth in smokeless and modern oral segments. However, concerns about financial performance volatility and a high P/E ratio temper the outlook. The robust dividend yield provides a cushion for investors seeking income.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco (BAT) is a leading global multi-category consumer goods company focused on creating a smokeless world through tobacco harm reduction. The company aims to switch smokers from combustible tobacco products to smokeless alternatives, with a goal of having 50 million adult consumers of its smokeless products by 2030. BAT employs over 48,000 people and generated significant revenue and profit in 2024, with a strong focus on sustainability and reducing environmental impact.
Average Trading Volume: 4,840,268
Technical Sentiment Signal: Buy
Current Market Cap: £95.55B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.