British American Tobacco Executes Share Buyback to Optimize Capital Structure

British American Tobacco ( (GB:BATS) ) has issued an announcement.

British American Tobacco p.l.c. has executed a share buyback program, purchasing 121,839 of its ordinary shares at a volume-weighted average price of 3,327.8563 pence per share. This move, authorized by shareholders, is part of a broader strategy to optimize capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and require 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 Outperform.

British American Tobacco’s overall score is bolstered by strong technical trends and effective corporate actions like share buybacks, which enhance shareholder value. Despite financial performance volatility and valuation concerns, the company’s robust dividend yield and strategic initiatives in smokeless products support its long-term outlook.

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 and other nicotine products. The company is a major player in the global market, known for its wide range of tobacco brands and commitment to reducing the health impact of its products through innovation and sustainability initiatives.

Average Trading Volume: 6,301,013

Technical Sentiment Signal: Buy

Current Market Cap: £73.07B

For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.