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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco has executed a share buyback transaction, purchasing 162,833 of its ordinary shares from UBS AG London Branch, as part of its ongoing buyback program. This move is intended to cancel the purchased shares, thereby reducing the number of shares in circulation and potentially increasing the value of remaining shares. The company now has 2,193,903,998 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under the FCA’s 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.
The overall stock score is primarily influenced by strong financial performance and robust corporate events such as share buybacks. However, technical analysis suggests caution due to overbought conditions, and valuation metrics indicate potential overvaluation. Earnings call guidance reflects moderate growth with some market-related challenges.
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, focusing on the production and sale of cigarettes and other nicotine products. It is a leading player in the global market, with a significant presence in various regions around the world.
Average Trading Volume: 6,188,384
Technical Sentiment Signal: Buy
Current Market Cap: £83.51B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.