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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco has executed a buyback of 110,000 of its ordinary shares at prices ranging from 4,303.00p to 4,343.00p as part of its ongoing share repurchase program. This move, which involves the cancellation of the purchased shares, is expected to impact the company’s share capital structure and could influence shareholder value and market perception.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £41.50 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 p.l.c. is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on providing a range of tobacco and nicotine alternatives to a global market.
Average Trading Volume: 4,846,879
Technical Sentiment Signal: Buy
Current Market Cap: £93.83B
Learn more about BATS stock on TipRanks’ Stock Analysis page.