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British American Tobacco ( (GB:BATS) ) just unveiled an update.
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.
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. 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 maintaining a strong market presence globally, with a commitment to delivering shareholder value through strategic initiatives such as share buyback programs.
Average Trading Volume: 4,062,143
Technical Sentiment Signal: Buy
Current Market Cap: £82.55B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.