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British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco announced the repurchase of 153,454 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through UBS AG London Branch, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The cancellation of these shares will adjust the total number of shares in issue, impacting shareholder notifications under regulatory guidelines.
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.
The overall stock score reflects a balanced view of strong technical momentum and robust cash flow against concerns about earnings stability and high valuation. The company’s strategic initiatives in smokeless product growth and share buybacks add positive sentiment, tempered by external headwinds affecting guidance.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on delivering a wide range of tobacco products to a global market.
Average Trading Volume: 5,868,896
Technical Sentiment Signal: Buy
Current Market Cap: £85.26B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.