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The latest update is out from British American Tobacco ( (GB:BATS) ).
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 purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest notifications under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 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. is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company has a significant market presence and focuses on delivering high-quality tobacco products to its global customer base.
Average Trading Volume: 4,866,398
Technical Sentiment Signal: Buy
Current Market Cap: £94.41B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.