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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco announced the repurchase of 110,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The shares, purchased at a volume-weighted average price of 4,257.74 pence, will be canceled, reducing the total number of shares in issue and potentially impacting shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £4600.00 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 60 reflects a balance between strong cash flow generation and profitability against concerns of earnings volatility and high valuation. The technical indicators suggest a lack of strong momentum, while the high dividend yield provides a cushion for investors seeking income. The absence of debt and improved equity strength are positive signs, but the stock’s current valuation and technical setup warrant cautious optimism.
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, tobacco, and nicotine products. The company is a major player in the global market, with a diverse portfolio of brands and a commitment to sustainability and innovation in the tobacco sector.
Average Trading Volume: 4,752,787
Technical Sentiment Signal: Buy
Current Market Cap: £90.62B
See more insights into BATS stock on TipRanks’ Stock Analysis page.