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British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco has announced the repurchase of 110,259 of its ordinary shares as part of its ongoing buyback program. The company plans to cancel these shares, which will affect the total number of shares in issue and may have implications for shareholder notifications under regulatory rules.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £2900.00 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 stock is supported by strong technical momentum and a solid cash flow position. While the financial performance shows volatility, the company’s strategic initiatives, including share buybacks and focus on new categories, provide a positive outlook. However, valuation concerns due to a high P/E ratio and potential market challenges temper the overall score.
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 engaged in the production and sale of cigarettes and other nicotine products. The company focuses on global markets, offering a range of tobacco and nicotine products to a diverse consumer base.
Average Trading Volume: 6,042,561
Technical Sentiment Signal: Buy
Current Market Cap: £77.18B
See more insights into BATS stock on TipRanks’ Stock Analysis page.