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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has repurchased 87,819 of its ordinary shares as part of a buyback program, with the intention to cancel these shares. This move will reduce the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests under the FCA’s Disclosure Guidance and Transparency 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 Outperform.
The overall stock score is driven by strong technical analysis and corporate events that indicate management’s commitment to shareholder value. Financial performance and valuation provide a mixed picture, with robust cash flow and profitability balanced by income volatility and premium valuation. Earnings call insights reflect operational challenges that temper near-term growth expectations.
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 tobacco market, with a wide range of brands and a significant market presence.
Average Trading Volume: 6,352,354
Technical Sentiment Signal: Buy
Current Market Cap: £78.56B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.