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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco announced the purchase of 148,403 of its ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, is aimed at enhancing shareholder value by reducing the number of shares in circulation, which could potentially increase earnings per share and improve market positioning.
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 score is driven by strong technical indicators and robust cash flow, which are offset by concerns over valuation and earnings volatility. The ongoing share buyback program and dividend yield provide some support, but challenges in key markets and an overvalued P/E ratio limit the overall attractiveness.
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 nicotine products. The company focuses on delivering high-quality tobacco products to a global market, with a strong emphasis on sustainability and innovation in its offerings.
Average Trading Volume: 6,019,718
Technical Sentiment Signal: Buy
Current Market Cap: £84.25B
See more insights into BATS stock on TipRanks’ Stock Analysis page.