British American Tobacco Executes Share Buyback to Enhance Shareholder Value

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

British American Tobacco has executed a share buyback, purchasing 126,884 ordinary shares at an average price of 3,309.5614 pence per share. This move, authorized by shareholders, is part of the company’s ongoing buyback program and will result in the cancellation of these shares, reducing the total number of shares in circulation. This action is likely to impact shareholder value by potentially increasing earnings per share and reflects the company’s commitment to returning value to shareholders.

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 Outperform.

British American Tobacco’s strong cash flow and equity position, alongside robust technical indicators, provide a solid foundation. However, earnings volatility and market headwinds pose risks. The high dividend yield and strategic share buybacks offer compensatory strengths.

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 primarily on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, with a diverse portfolio of brands and a strategic focus on expanding its presence in emerging markets.

Average Trading Volume: 6,179,012

Technical Sentiment Signal: Buy

Current Market Cap: £72.72B

For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.