British American Tobacco Completes Block Trade of ITC Hotels Shares

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

British American Tobacco has completed the block trade of 187.5 million shares in ITC Hotels, representing 9% of the hotel’s share capital, through an accelerated bookbuild process. The transaction generated net proceeds of INR 38.2 billion, which will be used to achieve BAT’s target leverage ratio by the end of 2026. Following this transaction, BAT retains a 6.3% stake in ITC Hotels, indicating a strategic move to optimize its financial position while maintaining a presence in the hospitality sector.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 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 Neutral.

British American Tobacco’s overall stock score is driven by strong technical momentum and positive earnings call sentiment, highlighting growth in smokeless and modern oral segments. However, concerns about financial performance volatility and a high P/E ratio temper the outlook. The robust dividend yield provides a cushion for investors seeking income.

To see Spark’s full report on GB:BATS stock, click here.

More about British American Tobacco

British American Tobacco (BAT) is a leading global multi-category consumer goods business focused on creating a smokeless world through Tobacco Harm Reduction. The company aims to switch smokers from combustible tobacco products to lower-risk smokeless tobacco and nicotine products. BAT employs over 48,000 people and generated £25.9 billion in revenue in 2024, with a significant focus on sustainability and reducing its environmental impact.

Average Trading Volume: 4,866,398

Technical Sentiment Signal: Buy

Current Market Cap: £94.41B

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