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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
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.
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. The company is one of the largest tobacco companies globally, with a significant market presence and a diverse portfolio of brands.
Average Trading Volume: 4,252,491
Technical Sentiment Signal: Buy
Current Market Cap: £82.78B
See more data about BATS stock on TipRanks’ Stock Analysis page.