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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco announced the repurchase of 119,122 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will result in a total of 2,190,250,088 ordinary shares in issue. This move is part of a strategy to manage the company’s capital structure and may have implications for shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4467.00 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, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on providing high-quality tobacco products to a global market, maintaining a strong presence in various regions worldwide.
Average Trading Volume: 4,640,087
Technical Sentiment Signal: Buy
Current Market Cap: £91.37B
See more data about BATS stock on TipRanks’ Stock Analysis page.