British American Tobacco ( (GB:BATS) ) just unveiled an announcement.
British American Tobacco p.l.c. announced the purchase of 129,740 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted through UBS AG, is in line with the authority granted by shareholders and aims to reduce the number of shares in circulation, potentially enhancing shareholder value. Following this buyback, the company will have 2,200,816,413 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is part of the company’s strategy to manage its capital structure and could have implications for 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 bolstered by strong cash flow and a high dividend yield, key attractions for income investors. Financial performance shows robustness in profitability and cash flow, but earnings volatility and market challenges such as regulatory headwinds temper the outlook. Stable technical trends and a moderately attractive valuation, despite the high P/E ratio, provide support, though lack of strong momentum limits immediate upside potential.
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 manufacturing and sale of cigarettes and other nicotine products. The company has a significant market presence globally, focusing on delivering high-quality tobacco products.
YTD Price Performance: 12.00%
Average Trading Volume: 5,456,693
Technical Sentiment Signal: Sell
Current Market Cap: £69.41B
Learn more about BATS stock on TipRanks’ Stock Analysis page.