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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has repurchased 122,244 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, conducted under the authority granted at the company’s Annual General Meeting, reflects the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will be canceled, reducing the total number of shares in issue and potentially impacting shareholder voting rights.
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 to a global market.
Average Trading Volume: 4,588,855
Technical Sentiment Signal: Buy
Current Market Cap: £91.37B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.