British American Tobacco Executes Share Buyback and Cancellation

The latest announcement is out from British American Tobacco ( (GB:BATS) ).

British American Tobacco p.l.c. announced the purchase of 149,917 of its ordinary shares as part of a buyback program, with plans to cancel these shares. This transaction, conducted through UBS AG London Branch, is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. Following the cancellation, the company will have 2,195,268,155 ordinary shares in issue, excluding treasury shares, which may affect shareholder interests and voting rights.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £29.00 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 stock’s overall score reflects strong financial performance with robust cash flow generation, despite volatility in net income. Technical indicators suggest a moderately positive trend, while valuation metrics present a mixed picture due to a high P/E ratio but attractive dividend yield. Guidance from the earnings call indicates cautious optimism with potential growth in new categories.

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 major player in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company operates globally, catering to a wide market with a diverse portfolio of tobacco brands.

Average Trading Volume: 6,303,223

Technical Sentiment Signal: Buy

Current Market Cap: £74.81B

See more insights into BATS stock on TipRanks’ Stock Analysis page.