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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco p.l.c. announced the purchase of 112,561 of its ordinary shares as part of its ongoing buyback program. The shares were bought at prices ranging from 3,445.00p to 3,464.00p per share, with an average price of 3,454.5445p. The company intends to cancel these shares, which will reduce the total number of shares in issue, potentially impacting shareholder voting rights and share value. This move is part of the company’s strategy to manage its capital structure and return value to shareholders.
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.
The stock’s overall score reflects strong financial performance with robust cash flow generation, despite volatility in net income. Technical indicators suggest a moderately positive trend, while valuation metrics present a mixed picture due to a high P/E ratio but attractive dividend yield. Guidance from the earnings call indicates cautious optimism with potential growth in new categories.
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 one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.
Average Trading Volume: 6,322,139
Technical Sentiment Signal: Buy
Current Market Cap: £75.07B
Learn more about BATS stock on TipRanks’ Stock Analysis page.