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The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco PLC has executed a share buyback, purchasing 83,710 of its ordinary shares at an average price of 3,607.7966 pence per share. This move, part of a previously announced buyback program, aims to cancel the acquired shares, potentially impacting shareholder interests and the company’s share capital structure.
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 PLC operates in the tobacco industry, focusing on the production and sale of cigarettes and other tobacco-related products. The company is one of the largest tobacco firms globally, with a significant market presence and a wide range of brands.
Average Trading Volume: 6,102,224
Technical Sentiment Signal: Buy
Current Market Cap: £79.71B
For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.