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The latest update is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco announced the purchase of 123,745 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will impact the total number of shares in issue and may affect shareholder notifications under the FCA’s rules.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £36.00 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 score is supported by strong cash flow and profitability metrics, despite some financial volatility. The technical indicators suggest a bullish trend, though the stock might be overvalued given its high P/E ratio. The company shows potential for growth in new categories and maintains shareholder returns, but faces challenges in some markets. The strategic focus on share buybacks further supports the stock’s appeal.
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 major player in the tobacco industry, primarily focused on the production and sale of cigarettes and other tobacco-related products. The company operates globally, catering to a wide market with a diverse range of tobacco brands.
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.