British American Tobacco Executes Share Buyback to Enhance Shareholder Value

British American Tobacco ( (GB:BATS) ) has shared an update.

British American Tobacco has executed a share buyback, purchasing 135,845 ordinary shares at prices ranging from 3,050.00p to 3,150.00p, with an average of 3,090.1409p per share. This move, part of a previously announced buyback program, aims to cancel the purchased shares, thereby reducing the number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,199,172,149 shares in issue and 133,013,619 shares held in treasury, impacting shareholder notifications under the FCA’s rules.

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 score of 65 reflects strong profitability and cash flow generation, supported by strategic deleveraging and shareholder returns through dividends and buybacks. However, earnings volatility and external market challenges are key concerns. Technical indicators suggest stability but lack strong momentum. While the high dividend yield is attractive, the elevated P/E ratio suggests valuation caution.

To see Spark’s full report on GB:BATS stock, click here.

More about British American Tobacco

British American Tobacco is a major player in the tobacco industry, known for its production and sale of cigarettes and other nicotine products. The company operates globally and is focused on maintaining its market position through strategic initiatives such as share buybacks.

Average Trading Volume: 5,663,225

Technical Sentiment Signal: Buy

Current Market Cap: £68.73B

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