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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco p.l.c. announced the repurchase of 110,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This transaction, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and reflecting the company’s commitment to returning value to shareholders.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £48.50 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 known for manufacturing and selling cigarettes and other tobacco-related products. The company has a significant presence in the global market, focusing on innovation and sustainability within the tobacco sector.
Average Trading Volume: 4,805,251
Technical Sentiment Signal: Buy
Current Market Cap: £94.76B
See more insights into BATS stock on TipRanks’ Stock Analysis page.