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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco p.l.c. has executed a share buyback, purchasing 148,792 of its ordinary shares from UBS AG London Branch as part of its ongoing buyback program. The company plans to cancel these shares, which will impact the total number of shares in issue, potentially affecting shareholder interests and market dynamics.
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 balanced view of strong technical momentum and robust cash flow against concerns about earnings stability and high valuation. The company’s strategic initiatives in smokeless product growth and share buybacks add positive sentiment, tempered by external headwinds affecting guidance.
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. The company is known for its strong market presence and extensive portfolio of brands.
Average Trading Volume: 5,868,896
Technical Sentiment Signal: Buy
Current Market Cap: £85.26B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.