British American Tobacco Executes Share Buyback

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

British American Tobacco has announced a transaction involving the repurchase of 119,368 of its ordinary shares, as part of a buyback program authorized by shareholders. The shares were purchased from Merrill Lynch International and will be canceled, reducing the total number of shares in issue to 2,197,514,957. This move is part of the company’s strategy to manage its capital structure and may impact shareholder interests as it adjusts the number of shares carrying voting rights.

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 Outperform.

British American Tobacco’s overall score is supported by strong technical indicators and a robust dividend yield, reflecting positive market positioning and income potential. Financial performance is stable but impacted by past earnings volatility. Corporate actions like share buybacks further reinforce shareholder value, though near-term growth is tempered by external challenges.

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 focusing on the production and sale of cigarettes and other tobacco-related products. The company has a significant market presence and is known for its extensive portfolio of brands.

Average Trading Volume: 6,268,122

Technical Sentiment Signal: Buy

Current Market Cap: £73.04B

For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.