British American Tobacco Executes Share Buyback

British American Tobacco ( (GB:BATS) ) just unveiled an update.

British American Tobacco p.l.c. announced the repurchase of 85,202 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its capital structure and provide value to shareholders. The repurchased shares will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder voting rights and interests.

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.

The most significant factor is the financial performance, which shows strong profitability but with concerns about earnings stability. Technical analysis indicates positive momentum, though caution is advised due to overbought signals. The valuation suggests the stock might be overvalued, but the dividend yield provides a buffer. Earnings call insights show a mixed outlook with challenges and opportunities ahead.

To see Spark’s full report on GB:BATS stock, click here.

More about British American Tobacco

British American Tobacco p.l.c. is a leading company in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company operates globally, with a significant market presence and a strategic focus on expanding its portfolio of reduced-risk products.

Average Trading Volume: 6,102,224

Technical Sentiment Signal: Buy

Current Market Cap: £79.71B

Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.