British American Tobacco Cancels New Share Buyback Tranche

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

British American Tobacco has repurchased 126,605 of its 25 pence ordinary shares on 11 March 2026 from Banco Santander as part of its ongoing buyback programme, paying a volume‑weighted average price of 4,388.0657 pence per share. The shares will be cancelled, reducing the number of ordinary shares in issue with voting rights to 2,173,873,953 and leaving 132,976,327 shares in treasury, a move that marginally enhances earnings per share and may support the stock’s valuation for existing investors.

The transaction, conducted on the London Stock Exchange under previously granted shareholder authority, continues the capital return strategy outlined in March 2024. By shrinking its free‑float equity base while maintaining substantial treasury holdings, the group signals confidence in its financial position and provides data investors can use to reassess ownership thresholds under UK disclosure rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £5200.00 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.

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 GB: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 selling cigarettes and other nicotine products. The company focuses on mass‑market tobacco brands and increasingly on next‑generation products, serving consumers worldwide through listings on venues including the LSE.

Average Trading Volume: 4,503,286

Technical Sentiment Signal: Strong Buy

Current Market Cap: £94.69B

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