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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 113,687 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company intends to cancel these shares, which will reduce the total number of shares in issue, potentially impacting shareholder voting rights and interests. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.
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 a mix of strong cash flow and profitability, tempered by earnings volatility and high valuation. The technical indicators suggest potential overbought conditions, while corporate actions like share buybacks and positive earnings guidance provide support. The company’s attractive dividend yield also adds to its appeal for income investors.
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 tobacco products. The company focuses on maintaining a significant presence in the global market, adapting to regulatory changes, and implementing strategic initiatives to enhance shareholder value.
Average Trading Volume: 5,235,025
Technical Sentiment Signal: Buy
Current Market Cap: £93.68B
See more data about BATS stock on TipRanks’ Stock Analysis page.