British American Tobacco Executes Share Buyback

British American Tobacco ( (GB:BATS) ) has shared an announcement.

British American Tobacco has executed a share buyback transaction, purchasing 131,650 of its ordinary shares from Banco Santander as part of its ongoing buyback programme. The shares were bought at a volume-weighted average price of 4,177.0572 pence and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.

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.

The overall stock score is primarily driven by strong financial performance and technical indicators, despite some valuation concerns. The company’s robust cash flow and strategic deleveraging are significant strengths, while the high P/E ratio and external market challenges pose risks. The positive sentiment from the earnings call and ongoing share buybacks further support the stock’s potential.

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 nicotine products. The company has a significant market presence globally, focusing on delivering a wide range of tobacco and nicotine-based products to consumers.

Average Trading Volume: 4,971,814

Technical Sentiment Signal: Buy

Current Market Cap: £91.69B

See more insights into BATS stock on TipRanks’ Stock Analysis page.