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British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco has executed a share buyback transaction, purchasing 121,559 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is intended to cancel the purchased shares, which will reduce the total number of shares in circulation, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 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 is primarily driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
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 and nicotine products to a global market.
Average Trading Volume: 4,354,308
Technical Sentiment Signal: Buy
Current Market Cap: £90.16B
Learn more about BATS stock on TipRanks’ Stock Analysis page.