British American Tobacco Announces Share Buyback

British American Tobacco ( (GB:BATS) ) has issued an announcement.

British American Tobacco p.l.c. has announced the purchase of 110,000 of its ordinary shares as part of its ongoing buyback program, which was approved by shareholders. The shares were acquired from Goldman Sachs International and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction may also affect shareholders’ notification requirements under the FCA’s rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £4733.00 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.

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 p.l.c. operates in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company is one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.

Average Trading Volume: 4,871,572

Technical Sentiment Signal: Buy

Current Market Cap: £93.12B

For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.