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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco has repurchased 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 demonstrating confidence in the company’s financial health.
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 and other nicotine products. It is one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.
Average Trading Volume: 4,840,268
Technical Sentiment Signal: Buy
Current Market Cap: £95.55B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.