British American Tobacco Cancels 105,901 Shares in Ongoing Buyback

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

British American Tobacco has repurchased 105,901 of its ordinary shares from Banco Santander on 25 March 2026, under the shareholder-authorised buyback programme initiated in March 2024. The shares, bought at a volume-weighted average price of 4,343.6559p, will be cancelled, reducing the number of shares in issue to 2,172,999,815 and leaving 132,669,859 shares in treasury.

The transaction further advances the group’s ongoing capital return strategy, modestly enhancing earnings per share and voting power for remaining investors. The updated share count also provides clarity for shareholders monitoring disclosure thresholds under U.K. transparency rules, reinforcing the company’s active use of buybacks as a financial management tool.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £41.50 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 BATS Stock

According to Spark, TipRanks’ AI Analyst, BATS is a Outperform.

The score is driven primarily by solid-but-not-clean financial performance (profitability strength offset by leverage and a notable 2025 cash-flow decline). Valuation is supportive due to the high dividend yield and moderate P/E, while technicals are broadly neutral. Earnings-call guidance and capital-return plans help, but are tempered by vapor/illicit pressures and regional weakness.

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

More about British American Tobacco

British American Tobacco p.l.c. is a global tobacco group listed in London, producing and marketing cigarettes and other nicotine products across multiple international markets. The company focuses on maintaining its position as a leading player in the tobacco industry while actively managing its capital structure and shareholder returns.

Average Trading Volume: 4,291,960

Technical Sentiment Signal: Strong Buy

Current Market Cap: £94.53B

See more data about BATS stock on TipRanks’ Stock Analysis page.