British American Tobacco Executes Share Buyback

British American Tobacco ( (GB:BATS) ) has shared an update.

British American Tobacco announced the purchase of 145,000 of its ordinary shares as part of a buyback program, with the intention to cancel these shares. This transaction, executed through Goldman Sachs International, reflects the company’s ongoing strategy to manage its capital structure and potentially enhance shareholder value. Following the cancellation, the company will have 2,180,485,797 ordinary shares in issue, impacting shareholder notifications under regulatory guidelines.

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 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 globally, focusing on both traditional tobacco products and newer, reduced-risk alternatives.

Average Trading Volume: 4,894,879

Technical Sentiment Signal: Buy

Current Market Cap: £92.11B

Learn more about BATS stock on TipRanks’ Stock Analysis page.