British American Tobacco Advances Share Buyback Program

An announcement from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco has announced the repurchase of 115,251 of its ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and strengthening the company’s market position.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £29.00 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 stock score is driven by robust cash flow and a strong dividend yield, which support its financial stability despite valuation concerns and earnings volatility. Technical indicators suggest positive momentum, but potential overvaluation and market risks like regional revenue declines and regulatory challenges temper the outlook. The company’s strategic focus on smokeless products and financial resilience are positives, yet the risks in certain markets necessitate caution.

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

More about British American Tobacco

British American Tobacco p.l.c. operates in the tobacco industry, focusing on the production and sale of cigarettes and other nicotine products. The company is a leading player in the global market, with a significant presence in various regions worldwide.

Average Trading Volume: 6,288,372

Technical Sentiment Signal: Buy

Current Market Cap: £77.09B

See more insights into BATS stock on TipRanks’ Stock Analysis page.