Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco has repurchased 148,863 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This transaction, conducted through UBS AG London Branch, is part of the company’s strategy to manage its share capital and potentially improve shareholder value. Following this transaction, the company will have 2,194,983,666 ordinary shares in issue, excluding treasury shares, which may influence shareholder notifications under regulatory guidelines.
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.
British American Tobacco’s strong financial performance and cash flow generation are significant positives. Technical indicators suggest moderate bullish momentum, while valuation is attractive due to a high dividend yield despite a high P/E ratio. Earnings call guidance indicates cautious optimism amid market challenges. Corporate events, including share buybacks, further enhance shareholder confidence and value.
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 focused on the production and sale of cigarettes and other nicotine products. The company operates globally, catering to a wide market with a diverse range of tobacco and nicotine-based products.
Average Trading Volume: 6,032,603
Technical Sentiment Signal: Buy
Current Market Cap: £77.52B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.