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The latest update is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco has executed a buyback of 140,000 ordinary shares at a volume-weighted average price of 4,343.89 pence per share as part of its ongoing share buyback program. This transaction, conducted through Goldman Sachs International, aims to reduce the number of shares in circulation, potentially enhancing shareholder value and adjusting the company’s capital structure.
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 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 one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.
Average Trading Volume: 4,940,973
Technical Sentiment Signal: Buy
Current Market Cap: £93.55B
See more data about BATS stock on TipRanks’ Stock Analysis page.