British American Tobacco Executes Share Buyback to Optimize Capital Structure

An update from British American Tobacco ( (GB:BATS) ) is now available.

British American Tobacco p.l.c. has executed a share buyback, purchasing 135,953 of its ordinary shares as part of a program authorized by shareholders. This move, involving the cancellation of the acquired shares, aims to optimize the company’s capital structure and potentially enhance shareholder value. Following this transaction, the company will have 2,199,044,110 ordinary shares in issue, excluding treasury shares, which may influence shareholder notifications under regulatory guidelines.

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 exhibits strong financial fundamentals with robust cash flow and profitability, yet faces challenges in earnings stability and market headwinds. The technical analysis points to stability without clear upward momentum. While the high dividend yield is appealing, the elevated P/E ratio calls for caution. The company’s strategic initiatives, including deleveraging and focus on smokeless products, reflect a cautious optimism for future growth.

To see Spark’s full report on GB:BATS stock, click here.

More about British American Tobacco

British American Tobacco p.l.c. operates in the tobacco industry, focusing on the production and sale of cigarettes, tobacco, and nicotine products. The company is a major player in the global market, known for its extensive portfolio of brands and commitment to reducing the health impact of its products.

Average Trading Volume: 5,698,119

Technical Sentiment Signal: Strong Buy

Current Market Cap: £67.65B

Learn more about BATS stock on TipRanks’ Stock Analysis page.