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The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco announced the repurchase of 120,208 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, reducing the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value and manage the company’s capital structure effectively.
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 known for its production and sale of cigarettes and other nicotine products. The company focuses on delivering tobacco and nicotine products to a global market.
Average Trading Volume: 4,386,191
Technical Sentiment Signal: Buy
Current Market Cap: £90.18B
See more insights into BATS stock on TipRanks’ Stock Analysis page.