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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco p.l.c. announced the repurchase of 120,384 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest notifications under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 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 overall stock score is primarily driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
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 tobacco-related products. The company is a major player in the global market, with a significant presence in numerous countries.
Average Trading Volume: 4,331,339
Technical Sentiment Signal: Buy
Current Market Cap: £90.77B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.