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.
An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco p.l.c. announced the repurchase of 112,660 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company intends to cancel these shares, which will adjust the number of shares in issue and those held in treasury. This move is part of the company’s strategy to manage its capital structure and could impact shareholder interests by potentially increasing the value of remaining shares.
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 momentum and robust cash flow generation. The company’s strategic deleveraging and attractive dividend yield add to its appeal. However, high valuation metrics and earnings volatility present challenges. The positive outlook from the earnings call and commitment to shareholder returns through buybacks and dividends further support the score.
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 tobacco-related products. The company is a major player in the global market, with a significant presence in numerous countries.
Average Trading Volume: 5,486,066
Technical Sentiment Signal: Buy
Current Market Cap: £91.73B
Learn more about BATS stock on TipRanks’ Stock Analysis page.