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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 120,940 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company plans to cancel these shares, which will result in a reduced number of shares in issue, potentially impacting shareholder interests and voting rights. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.
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 nicotine products. The company operates globally and focuses on delivering high-quality tobacco products to its consumers.
Average Trading Volume: 4,614,352
Technical Sentiment Signal: Buy
Current Market Cap: £94.23B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.