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British American Tobacco Executes Share Buyback

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British American Tobacco Executes Share Buyback

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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.

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