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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco announced the repurchase of 132,000 of its ordinary shares as part of its ongoing buyback program. The shares were bought from Goldman Sachs International and will be canceled, reducing the total number of shares in circulation. This move is part of the company’s strategy to enhance shareholder value and may impact the company’s market positioning by potentially increasing earnings per share.
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. is a major player in the tobacco industry, primarily focused on the manufacturing and sale of cigarettes and other nicotine products. The company operates globally and is known for its extensive portfolio of brands.
Average Trading Volume: 4,940,973
Technical Sentiment Signal: Buy
Current Market Cap: £93.55B
See more insights into BATS stock on TipRanks’ Stock Analysis page.