British American Tobacco Executes Share Buyback

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

British American Tobacco p.l.c. announced the purchase and cancellation of 89,586 ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, is expected to impact the company’s share capital structure, potentially influencing shareholder interests and market perceptions.

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 diverse portfolio of brands and a significant presence in various international markets.

Average Trading Volume: 6,352,354

Technical Sentiment Signal: Buy

Current Market Cap: £78.56B

See more insights into BATS stock on TipRanks’ Stock Analysis page.