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The latest update is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco has executed a share buyback, purchasing 133,097 of its ordinary shares at a volume-weighted average price of 3,147.6540 pence per share. This move is part of the company’s ongoing buyback program and aims to reduce the number of shares in circulation, potentially enhancing shareholder value. Following the cancellation of these shares, the company will have 2,198,637,109 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under the FCA’s Disclosure Guidance and Transparency 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 stock score reflects strong cash flow and profitability, appealing to income investors. However, earnings volatility and market challenges such as regulatory pressures and competitive headwinds weigh on the assessment. Technical trends show stability without strong momentum, and while the high dividend yield offers support, the elevated P/E ratio suggests valuation caution. Strategic initiatives, including deleveraging and a focus on smokeless products, reflect a cautious optimism for future growth.
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 cigarettes and other nicotine products. The company is one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.
Average Trading Volume: 6,090,764
Technical Sentiment Signal: Buy
Current Market Cap: £69.85B
Learn more about BATS stock on TipRanks’ Stock Analysis page.