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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco p.l.c. announced the repurchase of 126,498 ordinary shares as part of its ongoing buyback program. The shares were acquired from Banco Santander, S.A. and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction may impact shareholder voting rights and requires stakeholders to assess their holdings under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 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, focusing on the production and sale of cigarettes and other nicotine products. The company is a leading player in the global market, with a diverse portfolio of brands catering to various consumer preferences.
Average Trading Volume: 4,427,670
Technical Sentiment Signal: Buy
Current Market Cap: £86.63B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.