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British American Tobacco (GB:BATS)
LSE:BATS
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British American Tobacco (BATS) AI Stock Analysis

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GB:BATS

British American Tobacco

(LSE:BATS)

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Neutral 60 (OpenAI - 4o)
Rating:60Neutral
Price Target:
4,056.00p
▲(3.71% Upside)
The overall stock score of 60 reflects a balance between strong cash flow generation and profitability against concerns of earnings volatility and high valuation. The technical indicators suggest a lack of strong momentum, while the high dividend yield provides a cushion for investors seeking income. The absence of debt and improved equity strength are positive signs, but the stock's current valuation and technical setup warrant cautious optimism.
Positive Factors
Cash Flow Generation
Strong cash flow generation supports operational sustainability and potential shareholder returns, indicating robust financial health.
Balance Sheet Health
An improved equity base and absence of debt suggest strategic deleveraging, enhancing financial stability and flexibility.
Profitability
High gross profit margins indicate strong pricing power and operational efficiency, supporting long-term profitability.
Negative Factors
Revenue Growth Decline
Declining revenue growth and negative EBIT margins highlight potential challenges in maintaining sales momentum and profitability.
Earnings Volatility
Earnings volatility can undermine investor confidence and complicate long-term financial planning, impacting stability.
Negative Revenue Growth
Negative revenue growth suggests shrinking market share or demand, posing risks to future earnings and market position.

British American Tobacco (BATS) vs. iShares MSCI United Kingdom ETF (EWC)

British American Tobacco Business Overview & Revenue Model

Company DescriptionBritish American Tobacco (BAT) is a leading global tobacco company headquartered in London, England. Established in 1902, BAT operates in over 180 countries and is involved in the production and marketing of a wide range of tobacco products, including cigarettes, cigars, and smokeless tobacco. The company is also investing in reduced-risk products, including e-cigarettes and heated tobacco, as part of its commitment to providing consumers with a broader choice of products while addressing public health concerns.
How the Company Makes MoneyBritish American Tobacco generates revenue primarily through the sale of its tobacco products, which include well-known brands like Dunhill, Lucky Strike, and Pall Mall. The company's revenue model is based on the volume of cigarettes sold, with a significant portion of earnings derived from international markets where it maintains a strong presence. Key revenue streams include traditional cigarette sales, growing contributions from reduced-risk products, and emerging markets where consumption continues to rise. Additionally, BAT engages in strategic partnerships and collaborations to enhance its product offerings and distribution capabilities, thereby driving sales and increasing market penetration.

British American Tobacco Earnings Call Summary

Earnings Call Date:Jul 31, 2025
(Q4-2024)
|
% Change Since: |
Next Earnings Date:Feb 05, 2026
Earnings Call Sentiment Neutral
While there were notable achievements in smokeless revenue growth and financial flexibility, significant challenges remain such as U.S. revenue decline, illicit vapor competition, and external headwinds in Bangladesh and Australia. The outlook for 2025 includes these headwinds, with an expectation for improvement in 2026.
Q4-2024 Updates
Positive Updates
Smokeless Revenue Growth
Smokeless accounts for 17.5% of group revenue, up 1 percentage point versus last year. Modern Oral category revenue grew 53% in 2024, with strong growth across all regions.
New Category Contribution Increase
New category contribution increased by GBP251 million with a 7 percentage point rise in category contribution margin on an organic constant rates basis.
Improved Financial Flexibility
Leverage reduced to 2.4 times, enabling the initiation of sustainable share buyback and a 2% growth in progressive dividend announced.
Operating Cash Conversion
Operating cash conversion exceeded 100% for the fifth year reflecting strong cash discipline.
Modern Oral Market Leadership
In AME, the company led the Modern Oral category with 65% volume share, and Velo captured 70% of category revenue growth.
Negative Updates
U.S. Revenue Decline
U.S. revenue declined by 3.4%, driven by commercial actions implemented over the last 18 months and macroeconomic pressures.
Challenges in Vapor Market
Vapor revenue fell by 2.5% due to weak enforcement against illicit single-use vapes in the U.S. and Canada which distorted competition.
Bangladesh and Australia Headwinds
Significant headwinds expected from Bangladesh due to sharp excise and price increases, and new tobacco regulations in Australia contributing to an estimated 1% impact on 2025 group revenue growth and close to 2% on group APFO growth.
Canadian Litigation Provision
A provision of GBP6.2 billion for Canada's CCAA proposed plan was recognized, impacting reported results.
Company Guidance
During the call, guidance for the company's financial outlook was provided with several key metrics and targets outlined. The company aims to return to 3% to 5% revenue growth and 4% to 6% adjusted profit from operations (APFO) growth, adjusted for Canada at constant rates by 2026. For 2025, they anticipate revenue growth of around 1% and APFO growth between 1.5% and 2.5%, considering headwinds from Bangladesh and Australia, which are expected to impact group revenue and APFO by 1% and close to 2%, respectively. They also highlighted the implementation of dashboards across business units to enhance decision-making and drive transformation, with a focus on maintaining financial resilience and fueling growth in new categories. The company remains committed to rewarding shareholders with a progressive dividend, which saw a 2% increase, and a sustainable share buyback program. They also aim to manage leverage within their target range of 2 to 2.5 times post-settlement of the Canada CCAA plan by the end of 2026.

British American Tobacco Financial Statement Overview

Summary
British American Tobacco demonstrates strong gross profitability and cash flow generation. However, the volatility in net income and EBIT due to 2023's negative figures raises concerns about earnings stability. The balance sheet shows improved equity strength and zero debt in 2024, which could indicate strategic deleveraging. Nevertheless, the company's financial performance is bolstered by its cash flow robustness, crucial for sustaining operations and shareholder value.
Income Statement
65
Positive
The company's gross profit margin remains robust at approximately 82.8% for 2024, indicating strong profitability inherent to the tobacco industry. However, there is a significant volatility in net income, with a sharp decline in revenue growth and a negative EBIT margin in 2023 due to extraordinary expenses or impairments. The company returned to profitability in 2024, but the inconsistency poses a concern.
Balance Sheet
58
Neutral
The equity ratio improved to 41.8% in 2024, reflecting a more solid equity base compared to previous years. However, the absence of debt in 2024 is notable, suggesting significant restructuring or paydown. The return on equity is strong at 6.2%, though below its historical performance, indicating room for improvement in generating returns for shareholders.
Cash Flow
72
Positive
Operating cash flow remains strong, with a free cash flow to net income ratio of 3.1 in 2024, indicating efficient cash generation relative to net income. While free cash flow growth has seen fluctuations, the company maintains positive free cash flow, which supports operations and potential shareholder returns.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue25.60B25.87B27.28B27.66B25.68B25.78B
Gross Profit16.58B21.43B22.39B22.85B21.09B21.33B
EBITDA4.85B7.74B8.83B12.29B11.67B11.70B
Net Income3.04B3.07B-14.37B6.67B6.80B6.40B
Balance Sheet
Total Assets110.23B118.90B118.72B153.55B137.37B137.69B
Cash, Cash Equivalents and Short-Term Investments4.89B5.81B5.26B4.03B3.27B3.38B
Total Debt35.21B36.95B39.73B43.14B39.66B43.97B
Total Liabilities63.05B68.90B65.78B77.84B69.96B74.73B
Stockholders Equity46.87B49.64B52.57B75.37B67.10B62.67B
Cash Flow
Free Cash Flow7.29B9.52B10.25B9.87B9.19B9.28B
Operating Cash Flow7.76B10.13B10.71B10.39B9.72B9.79B
Investing Cash Flow766.00M1.38B-296.00M-705.00M-1.14B-783.00M
Financing Cash Flow-9.70B-10.63B-9.31B-8.88B-8.75B-7.90B

British American Tobacco Technical Analysis

Technical Analysis Sentiment
Positive
Last Price3911.00
Price Trends
50DMA
3968.53
Negative
100DMA
3845.53
Positive
200DMA
3438.92
Positive
Market Momentum
MACD
-21.91
Negative
RSI
54.43
Neutral
STOCH
82.05
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:BATS, the sentiment is Positive. The current price of 3911 is above the 20-day moving average (MA) of 3832.06, below the 50-day MA of 3968.53, and above the 200-day MA of 3438.92, indicating a neutral trend. The MACD of -21.91 indicates Negative momentum. The RSI at 54.43 is Neutral, neither overbought nor oversold. The STOCH value of 82.05 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:BATS.

British American Tobacco Risk Analysis

British American Tobacco disclosed 41 risk factors in its most recent earnings report. British American Tobacco reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

British American Tobacco Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
£24.17B9.9754.40%6.28%1.91%30.35%
$20.33B14.63-3.31%3.23%1.93%-12.26%
£84.93B28.056.03%6.11%-2.24%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:BATS
British American Tobacco
3,911.00
1,418.42
56.91%
GB:IMB
Imperial Brands
3,005.00
840.68
38.84%

British American Tobacco Corporate Events

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Oct 24, 2025

British American Tobacco p.l.c. announced the purchase of 178,453 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The company intends to cancel these shares, which will impact the total number of shares in issue and those held in treasury, potentially affecting shareholder interests and voting rights.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Advances Share Buyback Program
Positive
Oct 23, 2025

British American Tobacco announced the purchase of 179,932 of its ordinary shares from Goldman Sachs International as part of its ongoing share buyback program. This move, authorized by shareholders, is intended to enhance shareholder value by reducing the number of shares in circulation, which may positively impact the company’s stock price and market perception.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Oct 22, 2025

British American Tobacco has executed a share buyback transaction, purchasing 179,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The company plans to cancel these shares, which will adjust the total number of shares in issue and those held in treasury, potentially impacting shareholder interests and market perception.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
British American Tobacco Launches €1 Billion Tender Offer for Securities
Neutral
Oct 21, 2025

British American Tobacco has announced a tender offer for its €1 billion Perpetual Subordinated Fixed-to-Reset Rate Non-Call 5.25 Year Securities. This move is part of the company’s strategy to manage its hybrid capital portfolio proactively. The offer allows security holders to sell their securities ahead of the upcoming redemption date, with the potential for priority allocation in new securities issuance. This initiative reflects the company’s intention to optimize its financial structure and could impact stakeholders by providing liquidity and investment opportunities.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Oct 21, 2025

British American Tobacco announced the repurchase of 136,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The shares were purchased at prices ranging from 3,798.00p to 3,835.00p and will be cancelled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its share price and market perception.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Value
Positive
Oct 20, 2025

British American Tobacco has executed a share buyback program, purchasing 175,000 of its ordinary shares from Goldman Sachs International. This move, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value for remaining shareholders and strengthening the company’s financial position.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Oct 17, 2025

British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 165,000 of its ordinary shares from Goldman Sachs International. This move, part of a previously announced buyback program, aims to cancel the acquired shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,185,746,237 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Oct 16, 2025

British American Tobacco announced the repurchase of 183,458 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The repurchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder interests and the company’s market positioning.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Oct 15, 2025

British American Tobacco announced the repurchase of 184,091 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and impacting shareholder interests. Following this purchase, the company will have 2,186,093,719 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 £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Oct 14, 2025

British American Tobacco p.l.c. announced the repurchase of 183,105 of its ordinary shares as part of its ongoing buyback program. This move, executed through Banco Santander, S.A., is intended to cancel the purchased shares, thereby reducing the total number of shares in circulation. The transaction reflects 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 £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
British American Tobacco Appoints New Non-Executive Director
Positive
Oct 14, 2025

British American Tobacco has announced the appointment of Matthew Wright as an independent Non-Executive Director, effective from November 1, 2025. Wright’s extensive experience in advising global organizations on talent management and transformation is expected to support BAT’s ongoing cultural transformation and growth initiatives, particularly as the company pursues its ambition to create a Smokeless World.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Oct 10, 2025

British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 182,594 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. This move, approved by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation. Following the cancellation of these shares, the company will have 2,186,460,572 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Oct 9, 2025

British American Tobacco p.l.c. has executed a share buyback program, purchasing 182,132 of its ordinary shares from Banco Santander, S.A. The company plans to cancel these shares, reducing the total number of shares in circulation, which may influence shareholder interests and voting rights. This move is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Launches Share Buyback Program
Neutral
Oct 9, 2025

British American Tobacco has announced a share buyback program, commencing on 16 October 2025 and concluding on 23 December 2025, in collaboration with Goldman Sachs International. The initiative aims to reduce the company’s share capital by repurchasing and canceling up to 220,451,469 shares, as authorized by shareholders at the 2025 AGM, adhering to specific regulatory frameworks and pricing conditions.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Oct 8, 2025

British American Tobacco announced the purchase of 182,086 of its ordinary shares from Banco Santander as part of its ongoing share buyback program. This transaction, which was conducted under the authority granted by shareholders, aims to cancel the purchased shares, thereby reducing the number of shares in circulation and potentially increasing shareholder value. Following this buyback, the company will have 2,186,823,998 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Advances Share Buyback Program
Neutral
Oct 7, 2025

British American Tobacco has announced the purchase of 184,025 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, authorized by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which could impact shareholder voting rights and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock BuybackRegulatory Filings and Compliance
British American Tobacco Executes Share Buyback
Neutral
Oct 6, 2025

British American Tobacco has executed a share buyback transaction, purchasing 182,423 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company intends to cancel these shares, which will adjust its total number of shares in issue and those held in treasury. This move is likely to impact shareholder interests and aligns with regulatory transparency requirements.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Oct 3, 2025

British American Tobacco p.l.c. announced the purchase and cancellation of 182,160 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted with Banco Santander, S.A., is part of the company’s strategy to optimize its capital structure and deliver value to shareholders. Following this buyback, the company has 2,187,372,221 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is expected to impact the company’s share capital and may influence shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and Strategy
British American Tobacco Executives Purchase Shares Under Incentive Plan
Neutral
Oct 2, 2025

British American Tobacco has announced that several of its executives, including the Chief Executive and Chief Marketing Officer, have purchased ordinary shares in the company through the Partnership Share Scheme, a HMRC approved Share Incentive Plan. This move reflects a commitment to align the interests of the company’s leadership with those of its shareholders, potentially impacting the company’s market perception and stakeholder confidence.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Oct 2, 2025

British American Tobacco announced the purchase of 126,705 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, authorized by shareholders, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,187,554,381 ordinary shares in issue, excluding treasury shares, which could impact shareholders’ interests and voting rights.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Regulatory Filings and Compliance
British American Tobacco Updates Share Capital and Voting Rights
Neutral
Oct 1, 2025

British American Tobacco has announced its issued share capital as of 30 September 2025, which consists of over 2.18 billion ordinary shares with voting rights. This information is crucial for shareholders to determine their voting rights interest under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Oct 1, 2025

British American Tobacco announced the purchase of 126,462 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, authorized by shareholders, aims to cancel the acquired shares, reducing the total number of shares in circulation and potentially enhancing shareholder value. The buyback reflects the company’s strategic financial management and could impact stakeholders by altering shareholding percentages.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Sep 30, 2025

British American Tobacco p.l.c. announced the purchase of 126,658 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. This transaction, authorized by shareholders and aimed at reducing the number of shares in circulation, reflects the company’s strategy to enhance shareholder value and optimize its capital structure.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Advances Share Buyback Program
Positive
Sep 29, 2025

British American Tobacco announced the repurchase of 126,296 of its ordinary shares as part of its ongoing buyback program. This transaction, carried out with Banco Santander, is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value. Following the cancellation of these shares, the company will have 2,187,933,243 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 Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Optimize Capital Structure
Positive
Sep 26, 2025

British American Tobacco has executed a share buyback transaction, purchasing 126,177 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is intended to reduce the number of shares in circulation, potentially increasing shareholder value and adjusting the company’s capital structure. Following the cancellation of these shares, the company will have 2,188,059,415 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 25, 2025

British American Tobacco has executed a share buyback transaction, purchasing 127,591 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, authorized by shareholders, aims to cancel the acquired shares, potentially impacting the company’s share value and voting rights structure, with implications for stakeholders in terms of shareholding notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 24, 2025

British American Tobacco p.l.c. announced the repurchase of 126,498 ordinary shares as part of its ongoing buyback program. The shares were acquired from Banco Santander, S.A. and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. The transaction may impact shareholder voting rights and requires stakeholders to assess their holdings under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Sep 23, 2025

British American Tobacco has repurchased 124,038 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, which follows shareholder approval, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing the value of remaining shares. This strategic financial maneuver could strengthen the company’s market position and provide value to shareholders.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 22, 2025

British American Tobacco has announced a transaction involving the buyback of 122,059 of its ordinary shares from Banco Santander as part of a previously announced buyback program. This move is part of the company’s strategy to manage its capital structure and return value to shareholders. The purchased shares will be canceled, reducing the total number of shares in circulation, which could impact shareholder value and voting rights.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Dividends
British American Tobacco Finalizes November 2025 Dividend Details
Neutral
Sep 22, 2025

British American Tobacco announced the finalization details for its November 2025 dividend payment, part of the interim dividend declared earlier in February 2025. Shareholders on the South Africa branch register will receive their dividends in rand, with the exchange rate set at £:R=23.5111. The dividend, regarded as a ‘foreign dividend’ for South Africa Dividends Tax purposes, will be subject to a 20% tax unless exemptions apply. The announcement maintains the previously declared dividend schedule and provides clarity on the tax implications for South African shareholders.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyPrivate Placements and Financing
British American Tobacco Prices $750 Million Notes Offering
Neutral
Sep 19, 2025

British American Tobacco announced the pricing of a $750 million notes offering by its subsidiary, B.A.T Capital Corporation. The notes, due in 2033, will be used for general corporate purposes, including potential debt repayment. The issuance is expected to close on September 22, 2025, with several financial institutions acting as joint book-running managers. This move is part of BAT’s broader financial strategy and reflects its ongoing efforts to manage its capital structure effectively.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 19, 2025

British American Tobacco p.l.c. has executed a buyback of 121,708 ordinary shares as part of its ongoing share repurchase program. This transaction, conducted with Banco Santander, S.A., is in line with the authority granted by shareholders and aims to cancel the purchased shares, potentially impacting the company’s share capital structure and shareholder interests.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Neutral
Sep 18, 2025

British American Tobacco has executed a share buyback transaction, purchasing 121,559 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is intended to cancel the purchased shares, which will reduce the total number of shares in circulation, potentially impacting shareholder value and market perception.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Sep 17, 2025

British American Tobacco p.l.c. announced the repurchase of 122,000 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Banco Santander, S.A., reflects the company’s strategic move to manage its share capital and potentially enhance shareholder value. Following the cancellation of these shares, the company will have 2,188,927,859 ordinary shares in issue, which may influence shareholder notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Announces Share Buyback and Cancellation
Neutral
Sep 16, 2025

British American Tobacco p.l.c. announced the repurchase of 120,384 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 12, 2025

British American Tobacco has repurchased 119,599 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will result in a total of 2,189,168,191 ordinary shares in issue, excluding treasury shares. This move is part of the company’s strategy to manage its capital structure and could impact shareholder interests, as it may influence voting rights and share value.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Sep 12, 2025

British American Tobacco announced the repurchase of 119,599 of its ordinary shares from Banco Santander as part of its buyback program. This transaction, conducted under the authority granted by shareholders, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation and potentially impacting shareholder interests and market perception.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
BAT Announces Management Board Changes
Neutral
Sep 11, 2025

British American Tobacco (BAT) has announced changes to its Management Board, with Jerome Abelman stepping down as General Counsel after 23 years with the company. Paul McCrory will succeed him, bringing nearly two decades of experience within BAT. These changes reflect BAT’s commitment to maintaining strong legal leadership aligned with its strategic priorities. The company continues to focus on its goal of achieving sustainable growth and enhancing its regulatory affairs and communications agenda.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Sep 11, 2025

British American Tobacco has announced the repurchase of 119,925 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, conducted under the authority granted by shareholders, is part of the company’s strategy to enhance shareholder value. Following this purchase, the company plans to cancel the shares, thereby reducing the number of shares in circulation and potentially increasing the value of remaining shares. This move is expected to impact the company’s market positioning by demonstrating financial strength and commitment to returning value to shareholders.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Sep 10, 2025

British American Tobacco announced the repurchase of 120,208 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, reducing the total number of shares in circulation. This move is part of a broader strategy to enhance shareholder value and manage the company’s capital structure effectively.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 9, 2025

British American Tobacco has announced the repurchase of 120,403 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is in line with the authority granted by shareholders and aims to cancel the purchased shares, thereby reducing the number of shares in circulation. The transaction could potentially impact shareholder value and market dynamics by altering the company’s share structure and voting rights.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £52.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback Program
Positive
Sep 5, 2025

British American Tobacco has executed a share buyback program, purchasing 120,970 of its ordinary shares from Banco Santander as per the authority granted by shareholders. This move is part of a broader strategy to manage its capital structure and enhance shareholder value, potentially impacting the company’s market positioning by reducing the number of shares in circulation and increasing the value of remaining shares.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and Strategy
British American Tobacco Executives Acquire Shares Under Incentive Plan
Positive
Sep 4, 2025

British American Tobacco has announced that several of its executives, including the Chief Executive and other directors, have purchased ordinary shares in the company through the Partnership Share Scheme, a HMRC approved Share Incentive Plan. This move, conducted on the London Stock Exchange, reflects a strategic alignment of the company’s leadership with its shareholders and may indicate confidence in the company’s future performance.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Enhances Shareholder Value with Share Buyback
Positive
Sep 4, 2025

British American Tobacco PLC announced the repurchase of 122,300 of its ordinary shares as part of its ongoing buyback program. This transaction, conducted with Banco Santander, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share and improving market positioning.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 3, 2025

British American Tobacco has repurchased 122,244 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, conducted under the authority granted at the company’s Annual General Meeting, reflects the company’s strategy to manage its capital structure and enhance shareholder value. The repurchased shares will be canceled, reducing the total number of shares in issue and potentially impacting shareholder voting rights.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 2, 2025

British American Tobacco p.l.c. announced the purchase of 119,900 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company plans to cancel these shares, which will reduce the total number of shares in issue to 2,190,130,716, excluding treasury shares. This move is part of the company’s strategy to manage its capital structure and could impact shareholder interests by potentially increasing the value of remaining shares.

The most recent analyst rating on (GB:BATS) stock is a Sell with a £3400.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Regulatory Filings and Compliance
British American Tobacco Updates Share Capital and Voting Rights
Neutral
Sep 1, 2025

British American Tobacco has announced its issued share capital as of August 29, 2025, which consists of over 2.19 billion ordinary shares with voting rights. The company also holds approximately 133 million shares in treasury. This information is crucial for shareholders to calculate their voting rights interests in accordance with the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4467.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Sep 1, 2025

British American Tobacco announced the repurchase of 119,122 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will result in a total of 2,190,250,088 ordinary shares in issue. This move is part of a strategy to manage the company’s capital structure and may have implications for shareholder interests under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4467.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 29, 2025

British American Tobacco has executed a share buyback transaction, purchasing 122,841 ordinary shares from Banco Santander as part of its ongoing buyback program. This move is part of the company’s strategy to manage its capital structure, potentially impacting shareholder value and market perception by reducing the number of shares in circulation, thereby increasing the value of remaining shares.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 28, 2025

British American Tobacco has announced the repurchase of 120,989 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, which took place on August 27, 2025, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest notifications under regulatory guidelines.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 27, 2025

British American Tobacco p.l.c. announced the repurchase of 120,940 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company plans to cancel these shares, which will result in a reduced number of shares in issue, potentially impacting shareholder interests and voting rights. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Aug 26, 2025

British American Tobacco has executed a share buyback transaction, purchasing 117,040 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will result in 2,190,729,038 ordinary shares in issue. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
British American Tobacco Announces CFO Transition Amid Strong Performance
Positive
Aug 26, 2025

British American Tobacco (BAT) announced a significant change in its leadership team with the stepping down of Soraya Benchikh as Chief Financial Officer. Javed Iqbal will serve as the interim CFO while the company seeks a permanent successor. This transition comes as BAT continues to perform ahead of expectations and remains on track to meet its full-year guidance. The company is committed to its strategic goals, including the profitable transformation towards smokeless products and sustainability, which are crucial for its future growth and industry positioning.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Aug 21, 2025

British American Tobacco has executed a share buyback transaction, purchasing 118,007 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, carried out under the authority granted at the company’s Annual General Meeting, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,190,845,579 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Aug 20, 2025

British American Tobacco has executed a share buyback, purchasing 103,500 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will adjust the total number of shares in issue and those held in treasury. This move is part of BAT’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £4586.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 19, 2025

British American Tobacco has executed a share buyback transaction, purchasing 127,690 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is intended to enhance shareholder value by reducing the number of shares in circulation, thus potentially increasing earnings per share. The cancellation of these shares will adjust the total number of shares in issue and those held in treasury, impacting 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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Aug 18, 2025

British American Tobacco has executed a share buyback transaction, purchasing 131,650 of its ordinary shares from Banco Santander as part of its ongoing buyback programme. The shares were bought at a volume-weighted average price of 4,177.0572 pence and will be canceled, reducing the total number of shares in issue. This move is part of the company’s strategy to manage its capital structure and could potentially enhance shareholder value by reducing the number of shares outstanding.

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.

Other
British American Tobacco Announces Share Acquisition by Director
Positive
Aug 15, 2025

British American Tobacco announced the acquisition of shares by Serpil Timuray, a Non-Executive Director, and Abdurrahman Murat Timuray, a person closely associated with her. The transaction involved the reinvestment of dividend income to acquire ordinary shares, highlighting the company’s ongoing commitment to shareholder value and engagement with its leadership.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 15, 2025

British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 113,687 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company intends to cancel these shares, which will reduce the total number of shares in issue, potentially impacting shareholder voting rights and interests. This move is part of the company’s strategy to manage its capital structure and 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.

Business Operations and StrategyDividends
British American Tobacco CEO Acquires Shares Through Dividend Reinvestment
Neutral
Aug 14, 2025

British American Tobacco announced a transaction involving its Chief Executive, Tadeu Marroco, and Luciana Franco Do Amaral, who jointly acquired ordinary shares through the reinvestment of dividend income. This transaction, conducted on the London Stock Exchange, reflects the company’s ongoing commitment to aligning executive interests with shareholder value, potentially impacting stakeholder confidence and market perception.

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.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 14, 2025

British American Tobacco has executed a share buyback, purchasing 118,433 ordinary shares from Banco Santander as part of its ongoing buyback program. This move, which involves the cancellation of the purchased shares, is likely to impact the company’s share capital structure and could influence shareholder value and market perception.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 13, 2025

British American Tobacco has executed a share buyback transaction, purchasing 115,944 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is part of the company’s strategy to manage its capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in issue and potentially impacting 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.

Other
British American Tobacco Director Sells Shares in Market Transaction
Neutral
Aug 12, 2025

British American Tobacco has announced a transaction involving Javed Iqbal, Director of Digital and Information, who has sold 2,500 ordinary shares at £42.22292 each, totaling £105,557.30. This transaction, conducted on the London Stock Exchange, reflects ongoing managerial activities within the company, potentially impacting shareholder perceptions and market dynamics.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 12, 2025

British American Tobacco has announced the purchase of 116,582 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, approved by shareholders, aims to cancel the acquired shares, thereby reducing the number of shares in circulation and potentially enhancing shareholder value. The transaction reflects the company’s strategic efforts to manage its capital structure and maintain its market position.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Advances Share Buyback Strategy
Positive
Aug 11, 2025

British American Tobacco p.l.c. announced the purchase of 118,139 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. This move, authorized by shareholders in April 2025, is part of the company’s strategy to manage its capital structure and enhance shareholder value. The purchased shares will be canceled, reducing the total number of shares in circulation, which may influence 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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 8, 2025

British American Tobacco has executed a share buyback program, purchasing 119,100 ordinary shares from Banco Santander as part of its ongoing strategy to enhance shareholder value. The company plans to cancel these shares, which will reduce the total number of shares in issue, potentially impacting shareholder voting rights and market perception.

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.

Business Operations and Strategy
British American Tobacco Executives Increase Stake in Company
Positive
Aug 7, 2025

British American Tobacco announced that several of its executive directors and other key personnel have purchased ordinary shares in the company through the Partnership Share Scheme, an HMRC-approved Share Incentive Plan. This move, involving key figures such as the Chief Executive and Chief Financial Officer, reflects a commitment to align management interests with shareholder value, potentially strengthening investor confidence and signaling positive internal sentiment about the company’s future prospects.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 7, 2025

British American Tobacco p.l.c. announced the repurchase of 112,660 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. The company intends to cancel these shares, which will adjust the number of shares in issue and those held in treasury. This move is part of the company’s strategy to manage its capital structure and could impact shareholder interests by potentially increasing the value of remaining shares.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 7, 2025

British American Tobacco announced the repurchase of 112,660 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The shares, purchased at an average price of 4,216.4370 pence, will be canceled, reducing the total number of shares in circulation. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure, potentially impacting its stock market performance and investor relations.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Aug 6, 2025

British American Tobacco p.l.c. announced the purchase of 113,078 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback programme. The company plans to cancel these shares, which will reduce the total number of shares in issue to 2,192,139,587. This move is part of a strategic effort to manage the company’s capital structure and potentially 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.

Business Operations and StrategyDividends
British American Tobacco Executives Acquire Shares Through Dividend Reinvestment
Neutral
Aug 5, 2025

British American Tobacco has announced that several of its executive directors and senior management have acquired ordinary shares in the company through the reinvestment of dividend income. This transaction, conducted on the London Stock Exchange, reflects the ongoing commitment of the company’s leadership to align their interests with those of shareholders, potentially impacting the company’s market perception and stakeholder confidence.

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.

Business Operations and StrategyDividends
British American Tobacco Executives Acquire Shares Through Dividend Reinvestment
Positive
Aug 5, 2025

British American Tobacco has announced that several of its senior executives, including regional directors and the Chief Marketing Officer, have acquired ordinary shares in the company through the reinvestment of dividend income. These transactions, conducted on the London Stock Exchange, reflect the company’s ongoing commitment to aligning management interests with shareholder value. The acquisitions may enhance stakeholder confidence in the company’s financial strategies and market positioning.

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.

Executive/Board ChangesDividends
British American Tobacco Executives Acquire Dividend Shares
Neutral
Aug 5, 2025

British American Tobacco has announced transactions involving its Chief Executive, Tadeu Marroco, and Chief Financial Officer, Soraya Benchikh, who acquired quarterly dividend equivalent shares under the company’s Deferred Share Bonus Scheme. These transactions reflect the company’s ongoing commitment to aligning management interests with shareholder value, potentially impacting its market positioning and stakeholder confidence.

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.

Executive/Board ChangesDividends
British American Tobacco Announces Executive Stock Transaction
Neutral
Aug 5, 2025

British American Tobacco announced a transaction involving Holly Keller Koeppel, a Non-Executive Director, who received additional Deferred Stock Units (DSUs) linked to the company’s American Depositary Shares (ADSs). This transaction, which reflects the value of dividends declared on the underlying ADSs, highlights the company’s ongoing commitment to aligning executive compensation with shareholder interests, potentially impacting investor confidence and stakeholder engagement.

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.

Private Placements and FinancingRegulatory Filings and Compliance
British American Tobacco Publishes Supplementary Prospectus for £25 Billion Note Programme
Neutral
Aug 5, 2025

British American Tobacco has announced the approval and publication of a Supplementary Prospectus related to its £25 billion Euro Medium Term Note Programme. This development is significant as it reflects the company’s ongoing efforts to manage its financial strategies and maintain its market position, potentially impacting stakeholders by providing additional financial instruments for investment.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Aug 5, 2025

British American Tobacco announced the repurchase of 114,500 of its ordinary shares as part of its ongoing buyback program. This move, facilitated by Banco Santander, is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The company plans to cancel the purchased shares, which will result in 2,192,251,968 ordinary shares remaining in issue. This strategic financial maneuver is part of BAT’s efforts to optimize its capital structure and deliver value to its shareholders.

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.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 4, 2025

British American Tobacco announced the purchase of 114,176 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest 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.

Regulatory Filings and Compliance
British American Tobacco Updates Share Capital and Voting Rights
Neutral
Aug 1, 2025

British American Tobacco has announced its share capital and voting rights as of July 31, 2025. The company reported an issued share capital of 2,192,753,745 ordinary shares, with 133,003,645 shares held in treasury. This information is crucial for shareholders to determine their voting rights interests in compliance with the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.50 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Aug 1, 2025

British American Tobacco announced the purchase of 123,745 of its ordinary shares from Banco Santander as part of its ongoing buyback program. The company plans to cancel these shares, which will impact the total number of shares in issue and may affect shareholder notifications under the FCA’s rules.

The most recent analyst rating on (GB:BATS) stock is a Buy with a £36.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Launches New Share Buyback Phase
Positive
Jul 31, 2025

British American Tobacco has announced a new phase in its share buyback programme, commencing on 31 July 2025 and concluding on 15 October 2025, in collaboration with Banco Santander. This initiative aims to reduce the company’s share capital by repurchasing and cancelling up to 220,451,469 shares, as authorized by its shareholders at the 2025 AGM. The buyback is structured to comply with regulatory requirements, ensuring the maximum price paid for shares adheres to specific financial guidelines. This move is expected to impact the company’s financial structure and shareholder value positively.

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.

Stock Buyback
British American Tobacco Executes Share Buyback
Positive
Jul 31, 2025

British American Tobacco has executed a buyback of 150,365 ordinary shares as part of its ongoing share repurchase program. This move, in line with shareholder approval, aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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.

Business Operations and StrategyStock BuybackFinancial Disclosures
British American Tobacco Reports Growth in New Categories Amid Currency Challenges
Neutral
Jul 31, 2025

British American Tobacco’s half-year report for 2025 shows a slight decline in revenue due to currency headwinds, but an increase at constant exchange rates driven by growth in the U.S. and the success of Velo Plus. The company’s New Categories segment, which includes smokeless products, now accounts for 18.2% of total revenue, with a significant increase in contribution margin. Despite challenges in regions like APMEA, BAT remains on track to meet its full-year guidance, with plans for continued innovation and investment in high-profit areas, enhancing shareholder value through strong cash returns and share buy-backs.

The most recent analyst rating on (GB:BATS) stock is a Hold with a £2800.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Jul 30, 2025

British American Tobacco has executed a buyback of 139,813 ordinary shares as part of its ongoing share repurchase program. The purchased shares will be canceled, reducing the total number of shares in circulation, which may impact shareholder voting rights and interest 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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback to Enhance Shareholder Value
Positive
Jul 29, 2025

British American Tobacco announced the repurchase of 153,454 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through UBS AG London Branch, is part of the company’s strategy to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The cancellation of these shares will adjust the total number of shares in issue, impacting 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.

Stock Buyback
British American Tobacco Executes Share Buyback
Neutral
Jul 28, 2025

British American Tobacco p.l.c. has executed a share buyback, purchasing 148,792 of its ordinary shares from UBS AG London Branch as part of its ongoing buyback program. The company plans to cancel these shares, which will impact the total number of shares in issue, potentially affecting shareholder interests and market dynamics.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Neutral
Jul 25, 2025

British American Tobacco p.l.c. announced the purchase of 129,938 of its ordinary shares as part of its ongoing buyback program, with the intention to cancel these shares. This transaction, authorized by shareholders, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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.

Business Operations and StrategyStock Buyback
British American Tobacco Executes Share Buyback
Positive
Jul 25, 2025

British American Tobacco p.l.c. has announced the repurchase of 129,938 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through UBS AG London Branch, reflects the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares in circulation.

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.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Oct 25, 2025