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The latest update is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco announced the purchase of 129,078 ordinary shares as part of its ongoing buyback program. These shares were acquired at a volume weighted average price of 2,963.1466 pence each and are intended to be canceled, impacting the company’s total shares in issue. This move is part of the company’s strategy to manage capital and potentially enhance shareholder value.
More about British American Tobacco
British American Tobacco is a major player in the tobacco industry, known for manufacturing and marketing cigarettes and other nicotine products globally. The company has a significant presence in various markets, focusing on both traditional tobacco products and the development of new categories like e-cigarettes and heated tobacco products.
YTD Price Performance: 2.53%
Average Trading Volume: 4,630,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.02B
For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.