British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco has announced the repurchase of 133,375 of its ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, is intended to cancel the purchased shares, reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,201,596,188 ordinary shares in issue, excluding treasury shares, which could influence shareholder notifications under regulatory guidelines.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
British American Tobacco’s stock is supported by strong cash flow and a high dividend yield, appealing to income-focused investors. However, earnings volatility and market challenges such as regulatory headwinds and competitive pressures in key regions temper the outlook. The stock shows stable technical trends, though momentum is lacking, and its valuation remains moderately attractive. Recent share buybacks and insider confidence provide additional support.
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 involved in the production and sale of cigarettes and other nicotine products. The company has a significant market presence and focuses on delivering high-quality tobacco products to its global customer base.
YTD Price Performance: 11.15%
Average Trading Volume: 5,969,241
Technical Sentiment Signal: Strong Sell
Current Market Cap: £66.94B
See more insights into BATS stock on TipRanks’ Stock Analysis page.