Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco p.l.c. announced the purchase of 129,938 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This transaction, authorized by shareholders, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.
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 overall stock score is driven by strong technical indicators and solid cash flow generation, despite valuation concerns and earnings volatility. The company is navigating external challenges with strategic initiatives and continues to offer robust shareholder returns, reflected in its high dividend yield.
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 manufacturing and sale of cigarettes and other nicotine products. The company operates globally, focusing on delivering high-quality tobacco products to a diverse market.
Average Trading Volume: 5,909,452
Technical Sentiment Signal: Buy
Current Market Cap: £85.55B
See more data about BATS stock on TipRanks’ Stock Analysis page.