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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco has repurchased 119,599 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 2,189,168,191 ordinary shares in issue, excluding treasury shares. This move is part of the company’s strategy to manage its capital structure and could impact shareholder interests, as it may influence voting rights and share value.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 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, focusing on the production and sale of cigarettes and other nicotine products. The company operates globally, with a significant presence in various markets, and is known for its commitment to innovation and sustainability in its product offerings.
Average Trading Volume: 4,347,167
Technical Sentiment Signal: Buy
Current Market Cap: £90.19B
See more insights into BATS stock on TipRanks’ Stock Analysis page.