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British American Tobacco ( (GB:BATS) ) just unveiled an update.
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.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
The overall stock score of 55 reflects a mix of strong financial performance and cash flow generation, offset by bearish technical indicators and a relatively high P/E ratio. The attractive dividend yield provides some support, but the lack of earnings call data and corporate events limits additional insights.
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, focusing on the production and sale of cigarettes and other nicotine products. It is a leading player in the global market, with a significant presence in numerous countries.
Average Trading Volume: 4,107,890
Technical Sentiment Signal: Buy
Current Market Cap: £83.8B
Learn more about BATS stock on TipRanks’ Stock Analysis page.