British American Tobacco Cancels Latest Tranche of Share Buyback

British American Tobacco ( (GB:BATS) ) has issued an announcement.

British American Tobacco has repurchased 121,379 of its 25 pence ordinary shares on 16 March 2026 from Banco Santander as part of its ongoing £ buyback programme, paying a volume-weighted average price of 4,577.0247 pence per share. The company plans to cancel these shares, leaving 2,173,503,072 ordinary shares in issue with voting rights and 132,976,327 shares held in treasury, a move that marginally reduces the free float and can enhance earnings per share for remaining shareholders.

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 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 headquartered in the U.K., producing and selling cigarettes and other nicotine products across multiple international markets. The company is a major player in the tobacco industry, with its ordinary shares listed in London and widely held by institutional and retail investors.

Average Trading Volume: 4,570,564

Technical Sentiment Signal: Buy

Current Market Cap: £99.1B

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