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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco has executed a share buyback transaction, purchasing 118,007 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, carried out under the authority granted at the company’s Annual General Meeting, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,190,845,579 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 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 strategic corporate actions such as share buybacks. While financial performance shows robust cash flow, concerns about earnings stability and a high P/E ratio temper the score. The earnings call provided a mixed outlook, with growth in new categories but challenges in key markets. The attractive dividend yield and strategic deleveraging efforts further support 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 leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other tobacco products. The company operates globally, focusing on delivering high-quality products to a diverse market.
Average Trading Volume: 4,741,329
Technical Sentiment Signal: Buy
Current Market Cap: £92.51B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.