Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco announced the purchase of 173,000 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This move, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value of remaining shares and strengthening the company’s market position.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4056.00 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 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.
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 leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on delivering high-quality tobacco products to a global market.
Average Trading Volume: 4,500,059
Technical Sentiment Signal: Buy
Current Market Cap: £85.35B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.