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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco has executed a share buyback program, purchasing 120,970 of its ordinary shares from Banco Santander as per the authority granted by shareholders. This move is part of a broader strategy to manage its capital structure and enhance shareholder value, potentially impacting the company’s market positioning by reducing the number of shares in circulation and increasing the value of remaining shares.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 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. is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other tobacco-related products. The company focuses on maintaining a strong market presence globally, with a significant emphasis on sustainability and innovation in its product offerings.
Average Trading Volume: 4,608,025
Technical Sentiment Signal: Buy
Current Market Cap: £89.29B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.