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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco p.l.c. announced the purchase of 119,900 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 reduce the total number of shares in issue to 2,190,130,716, excluding treasury shares. 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 Sell with a £3400.00 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 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 focuses on providing high-quality tobacco products and has a significant market presence globally.
Average Trading Volume: 4,588,855
Technical Sentiment Signal: Buy
Current Market Cap: £91.37B
Learn more about BATS stock on TipRanks’ Stock Analysis page.