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British American Tobacco ( (GB:BATS) ) has provided an update.
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.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
The overall stock score is primarily driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco is a leading company in the tobacco industry, primarily focused on the production and sale of cigarettes and other nicotine products. It operates globally and is known for its significant market presence and diverse product portfolio.
Average Trading Volume: 4,342,631
Technical Sentiment Signal: Buy
Current Market Cap: £85.93B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.