British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has executed a share buyback program, purchasing 129,632 of its ordinary shares at prices ranging from 3,129 to 3,201 pence per share. This move, approved by shareholders, aims to cancel the purchased shares, reducing the total number of shares in issue and potentially enhancing shareholder value. Following this transaction, the company will have 2,200,558,245 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under FCA rules.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
British American Tobacco’s stock score is primarily supported by strong cash flow generation and a high dividend yield, appealing to income investors. Despite robust profitability and strategic share buybacks, challenges such as earnings volatility and external market headwinds weigh on the assessment. Stable technical trends and a moderately attractive valuation provide support, but the lack of strong momentum limits immediate upside potential.
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 engaged in the production and sale of cigarettes and other tobacco products. The company operates globally, focusing on delivering high-quality tobacco products to a diverse market.
YTD Price Performance: 12.42%
Average Trading Volume: 5,456,054
Technical Sentiment Signal: Sell
Current Market Cap: £70.09B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.