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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco announced the purchase of 137,397 of its ordinary shares as part of a buyback program, with the highest price paid per share being 3,071 pence. The company intends to cancel these shares, reducing the number of shares in circulation, which may impact shareholder notifications under FCA rules.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £29.00 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 Neutral.
British American Tobacco’s overall stock score reflects strong cash flow and dividend yield, appealing to income investors. However, earnings volatility and market challenges, particularly in key regions, weigh on the outlook. Stable technical trends offer some support, but lack of strong momentum and a high P/E ratio suggest cautious optimism. Recent corporate actions, including share buybacks, add positive sentiment but are offset by external headwinds and valuation concerns.
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, focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, known for its wide range of tobacco brands and commitment to transitioning to reduced-risk products.
Average Trading Volume: 5,967,995
Technical Sentiment Signal: Buy
Current Market Cap: £66.31B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.