British American Tobacco Cancels Newly Repurchased Shares Under Ongoing Buyback

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

British American Tobacco has repurchased 125,526 of its 25 pence ordinary shares on 30 January 2026 from UBS AG London Branch under its ongoing share buyback programme authorised by shareholders in April 2025 and launched in March 2024. The company intends to cancel the acquired shares, reducing the number of ordinary shares in issue with voting rights to 2,176,888,705 and leaving 132,976,327 shares held in treasury, a move that marginally enhances earnings per share and may affect investors’ disclosure obligations under UK transparency rules.

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 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 major global tobacco group, producing and selling cigarettes and other nicotine products across multiple markets. Listed in London, it is one of the largest players in the sector and an active user of share buybacks as part of its capital allocation strategy.

Average Trading Volume: 4,351,588

Technical Sentiment Signal: Buy

Current Market Cap: £94.95B

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