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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco has announced an extension to its share buyback programme, increasing the total repurchase amount to £1.1 billion by the end of 2025. This extension is funded by the proceeds from a block trade of shares in ITC Limited. The buyback aims to reduce the company’s share capital, with shares purchased to be cancelled, reflecting a strategic move to enhance shareholder value.
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.
The overall stock score reflects a solid financial performance, bolstered by strong cash flow and a robust balance sheet, albeit with some concerns about earnings stability. Technical indicators suggest moderate optimism, and valuation metrics highlight a high P/E ratio but an attractive dividend yield. The earnings call guidance indicates potential growth, tempered by current challenges. Corporate events, particularly share buybacks, positively impact the stock’s outlook by enhancing shareholder value.
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 tobacco market, with a significant emphasis on expanding its market presence and shareholder value.
Average Trading Volume: 6,160,406
Technical Sentiment Signal: Buy
Current Market Cap: £76.98B
Learn more about BATS stock on TipRanks’ Stock Analysis page.