British American Tobacco Executes Share Buyback Program

An update from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco p.l.c. has executed a share buyback program, purchasing 87,960 ordinary shares at an average price of 3,565.8640 pence per share. This move, authorized by shareholders, aims to cancel the acquired shares, thereby reducing the total number of shares in circulation and potentially enhancing shareholder value. The transaction reflects the company’s strategic financial management and could impact shareholder interests by altering voting rights and shareholding structures.

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.

British American Tobacco’s overall stock score reflects its strong cash flow and profitability, which are vital for sustaining operations and shareholder returns. However, the financial volatility and high P/E ratio suggest potential risks in earnings stability and valuation. The company’s resilience in navigating market challenges, combined with a robust dividend yield, provides a solid foundation but warrants careful monitoring of external headwinds and competitive pressures.

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 nicotine products. The company operates globally and focuses on providing a range of tobacco and nicotine alternatives to meet diverse consumer preferences.

Average Trading Volume: 6,354,729

Technical Sentiment Signal: Buy

Current Market Cap: £76.64B

See more data about BATS stock on TipRanks’ Stock Analysis page.