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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco has executed a share buyback transaction, purchasing 182,423 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company intends to cancel these shares, which will adjust its total number of shares in issue and those held in treasury. This move is likely to impact shareholder interests and aligns with regulatory transparency requirements.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 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 of 55 reflects a mix of strong financial performance and cash flow generation, offset by bearish technical indicators and a relatively high P/E ratio. The attractive dividend yield provides some support, but the lack of earnings call data and corporate events limits additional insights.
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 player in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company operates globally, serving a vast market with a diverse portfolio of tobacco brands.
Average Trading Volume: 4,208,410
Technical Sentiment Signal: Buy
Current Market Cap: £83.18B
See more insights into BATS stock on TipRanks’ Stock Analysis page.