British American Tobacco Cancels 128,000 Shares in Ongoing Buyback

The latest update is out from British American Tobacco ( (GB:BATS) ).

British American Tobacco has repurchased 128,000 of its ordinary shares on 6 January 2026 under its ongoing share buyback programme, paying a volume‑weighted average price of about 4,056 pence per share. The company plans to cancel these shares, reducing the number of ordinary shares in issue with voting rights to 2,179,059,085 and leaving 132,988,352 shares held in treasury, a move that marginally tightens the share capital base and may support earnings per share and capital returns for investors.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £49.00 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. is a global tobacco company, primarily engaged in the manufacture and sale of cigarettes and other nicotine products. Listed in London, it targets international markets with a broad portfolio of tobacco brands while also managing capital allocation through dividends and share buyback programmes to enhance shareholder returns.

Average Trading Volume: 5,010,647

Technical Sentiment Signal: Buy

Current Market Cap: £88.34B

For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.