Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco has announced the repurchase of 120,403 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is in line with the authority granted by shareholders and aims to cancel the purchased shares, thereby reducing the number of shares in circulation. The transaction could potentially impact shareholder value and market dynamics by altering the company’s share structure and voting rights.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 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 operates globally, focusing on delivering high-quality tobacco products to a diverse market.
Average Trading Volume: 4,462,351
Technical Sentiment Signal: Buy
Current Market Cap: £90.21B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.