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The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco announced a buyback of 137,754 ordinary shares, as part of its ongoing share repurchase program. This action, approved by shareholders, aims to enhance shareholder value and optimize the capital structure by reducing the number of shares in circulation, thereby potentially increasing earnings per share.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £29.00 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.
The overall stock score is primarily influenced by strong financial performance and robust corporate events such as share buybacks. However, technical analysis suggests caution due to overbought conditions, and valuation metrics indicate potential overvaluation. Earnings call guidance reflects moderate growth with some market-related challenges.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco p.l.c. operates in the tobacco industry, focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, with a strategic emphasis on expanding its portfolio of reduced-risk products.
Average Trading Volume: 6,029,715
Technical Sentiment Signal: Buy
Current Market Cap: £83.36B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.