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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco has executed a share buyback, purchasing 129,964 of its ordinary shares at a volume-weighted average price of 3,857.0864 pence per share. This move is part of its ongoing buyback program, aimed at optimizing its capital structure and enhancing shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interests.
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 stock score reflects strong technical momentum and robust cash flow generation, which are offset by financial volatility and valuation concerns. The company’s strategic focus on smokeless products and commitment to shareholder returns through dividends and buybacks 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. is a prominent player in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company is focused on maintaining its market position while exploring opportunities in the reduced-risk products segment.
Average Trading Volume: 6,188,384
Technical Sentiment Signal: Buy
Current Market Cap: £83.51B
For a thorough assessment of BATS stock, go to TipRanks’ Stock Analysis page.