British American Tobacco Executes Share Buyback

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

British American Tobacco has announced the repurchase of 108,775 of its ordinary shares as part of its ongoing buyback program. The company intends to cancel these shares, which will result in a reduction of its total shares in issue to 2,195,796,448, excluding treasury shares. This move is likely to impact shareholder interests and aligns with the company’s strategy to manage its capital structure effectively.

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 overall stock score reflects a solid financial performance, bolstered by strong cash flow and a robust balance sheet, albeit with some concerns about earnings stability. Technical indicators suggest moderate optimism, and valuation metrics highlight a high P/E ratio but an attractive dividend yield. The earnings call guidance indicates potential growth, tempered by current challenges. Corporate events, particularly share buybacks, positively impact the stock’s outlook by enhancing shareholder value.

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, primarily focusing on the production and sale of cigarettes and other tobacco-related products. The company is a major player in the global market, with a significant presence in various regions and a focus on expanding its product offerings to include reduced-risk products.

Average Trading Volume: 6,160,406

Technical Sentiment Signal: Buy

Current Market Cap: £76.98B

Learn more about BATS stock on TipRanks’ Stock Analysis page.