British American Tobacco Cancels Another Tranche of Shares in Ongoing Buyback

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

British American Tobacco has continued executing its share buyback programme, repurchasing and cancelling just over 517,000 ordinary shares between 27 and 30 April 2026 under authority granted at its April annual meeting. The move reduces the number of shares in issue to about 2.17 billion, while maintaining a substantial treasury stock, and signals ongoing efforts to return capital to investors and fine-tune its balance sheet, with potential implications for earnings per share and voting dynamics for remaining shareholders.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £4900.00 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 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 is a global tobacco group whose core business is manufacturing and selling cigarettes and other nicotine products. The company operates across major international markets and remains focused on capital allocation measures, including share buybacks, to manage its capital structure and enhance shareholder returns.

Average Trading Volume: 4,717,445

Technical Sentiment Signal: Strong Buy

Current Market Cap: £93.67B

See more insights into BATS stock on TipRanks’ Stock Analysis page.