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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco has executed a buyback of 139,813 ordinary shares as part of its ongoing share repurchase program. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest 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 stock is supported by strong cash flow and a robust buyback program. Despite challenges in revenue stability and valuation concerns, the company maintains financial resilience and offers an attractive dividend yield, which is appealing for long-term investors.
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 tobacco-related products. The company operates globally, focusing on delivering high-quality tobacco products to a diverse market.
Average Trading Volume: 5,772,723
Technical Sentiment Signal: Buy
Current Market Cap: £84.57B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.