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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco announced the repurchase of 162,749 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The company intends to cancel these shares, which will result in a reduction of the total number of shares in issue, potentially impacting shareholder interests and market dynamics.
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 Outperform.
British American Tobacco’s overall score is driven by strong technical indicators and positive corporate events, including share buybacks and executive share acquisitions. While financial performance shows robust cash flow, concerns about earnings volatility and a high P/E ratio slightly temper the outlook. The company’s strategic initiatives in innovation and digital transformation are promising, but challenges in specific markets require attention.
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, primarily focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global tobacco market, catering to a wide range of consumers worldwide.
Average Trading Volume: 4,929,069
Technical Sentiment Signal: Buy
Current Market Cap: £93.85B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.