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.
The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco has executed a buyback of 150,365 ordinary shares as part of its ongoing share repurchase program. This move, in line with shareholder approval, aims to optimize the company’s 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 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 is a leading company in the tobacco industry, primarily offering a range of tobacco products. The company focuses on maintaining a strong market presence and adapting to regulatory changes.
Average Trading Volume: 5,746,201
Technical Sentiment Signal: Buy
Current Market Cap: £85.99B
See more insights into BATS stock on TipRanks’ Stock Analysis page.