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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco p.l.c. announced the purchase of 113,222 of its ordinary shares as part of a buyback program, with the intention to cancel these shares. This transaction, conducted through Merrill Lynch International, is part of the company’s strategy to manage its capital structure, potentially impacting shareholder value and market perception.
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. operates in the tobacco industry, focusing on the production and sale of tobacco products including cigarettes and other nicotine products. The company is a major player in the global tobacco market, with a strong presence in various international markets.
Average Trading Volume: 6,190,496
Technical Sentiment Signal: Buy
Current Market Cap: £75.07B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.