Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco p.l.c. announced the repurchase of 138,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This transaction, authorized by shareholders, is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder returns. Following the cancellation of these shares, the company will have 2,182,709,115 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is part of the company’s strategy to optimize its capital structure and improve its market positioning.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £4600.00 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 of 60 reflects a balance between strong cash flow generation and profitability against concerns of earnings volatility and high valuation. The technical indicators suggest a lack of strong momentum, while the high dividend yield provides a cushion for investors seeking income. The absence of debt and improved equity strength are positive signs, but the stock’s current valuation and technical setup warrant cautious optimism.
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 major player in the tobacco industry, primarily focusing on the production and sale of cigarettes and other nicotine products. The company operates globally with a significant market presence and is involved in various initiatives to enhance shareholder value.
Average Trading Volume: 4,747,264
Technical Sentiment Signal: Buy
Current Market Cap: £88.6B
See more data about BATS stock on TipRanks’ Stock Analysis page.