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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco has repurchased 145,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This transaction, authorized by shareholders, aims to cancel the purchased shares, reducing the total number of shares in issue and potentially impacting shareholder interests and market dynamics.
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 is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other tobacco-related products. The company focuses on maintaining a strong market presence globally and is involved in various strategic initiatives to enhance shareholder value.
Average Trading Volume: 4,897,647
Technical Sentiment Signal: Buy
Current Market Cap: £92.11B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.