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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco PLC announced the repurchase of 122,300 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted with Banco Santander, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and improving market positioning.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 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 driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco PLC 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 diverse portfolio of brands and a commitment to transitioning to reduced-risk products.
Average Trading Volume: 4,585,613
Technical Sentiment Signal: Buy
Current Market Cap: £90.74B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.