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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco p.l.c. announced the purchase of 155,147 of its ordinary shares as part of a buyback program, with the intention to cancel these shares. This move, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £2900.00 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 a major player in the global market, with a diverse portfolio of brands and a commitment to transitioning to reduced-risk products.
Average Trading Volume: 6,322,139
Technical Sentiment Signal: Buy
Current Market Cap: £75.07B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.