British American Tobacco Executes Share Buyback

An announcement from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco p.l.c. announced the purchase of 115,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This transaction, conducted under the authority granted by shareholders, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value. The purchased shares are intended to be canceled, reducing the total number of shares in circulation and potentially impacting the company’s market dynamics and shareholder interests.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £49.00 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.

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. 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 catering to a wide range of consumer preferences.

Average Trading Volume: 4,867,063

Technical Sentiment Signal: Buy

Current Market Cap: £96.14B

See more insights into BATS stock on TipRanks’ Stock Analysis page.