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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco p.l.c. announced the repurchase of 122,000 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Banco Santander, S.A., reflects the company’s strategic move to manage its share capital and potentially enhance shareholder value. Following the cancellation of these shares, the company will have 2,188,927,859 ordinary shares in issue, which may influence shareholder notifications under regulatory guidelines.
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. operates in the tobacco industry, primarily offering tobacco products and related services. The company is a leading player in the global market, focusing on the production and sale of cigarettes and other nicotine products.
Average Trading Volume: 4,354,308
Technical Sentiment Signal: Buy
Current Market Cap: £90.16B
See more insights into BATS stock on TipRanks’ Stock Analysis page.