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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco p.l.c. has announced the repurchase of 115,000 of its ordinary shares as part of its ongoing buyback programme. This transaction, executed through Goldman Sachs International, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will be canceled, reducing the total number of shares in issue and potentially impacting shareholder voting rights.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £49.00 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 is driven by strong technical momentum and positive earnings call sentiment, highlighting growth in smokeless and modern oral segments. However, concerns about financial performance volatility and a high P/E ratio temper the outlook. The robust dividend yield provides a cushion for investors seeking income.
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, focusing on delivering high-quality tobacco products to a wide range of consumers.
Average Trading Volume: 4,847,967
Technical Sentiment Signal: Buy
Current Market Cap: £95.86B
See more data about BATS stock on TipRanks’ Stock Analysis page.