British American Tobacco Executes Share Buyback to Optimize Capital Structure

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

British American Tobacco p.l.c. announced the repurchase of 91,350 of its ordinary shares as part of its ongoing buyback program. The shares were purchased at a volume-weighted average price of 3,648.8058 pence per share and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to enhance shareholder value and manage its capital structure effectively.

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 stock score is primarily driven by strong technical momentum and strategic corporate actions like share buybacks. However, concerns over financial performance volatility and high valuation temper the overall score. The earnings call also highlighted ongoing challenges, yet the company’s commitment to shareholder returns and strategic shifts towards growth in new categories provide a balanced 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, primarily focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, with a significant presence in numerous countries.

Average Trading Volume: 6,239,348

Technical Sentiment Signal: Buy

Current Market Cap: £79.12B

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