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British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco p.l.c. announced the purchase of 178,453 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. The company intends to cancel these shares, which will impact the total number of shares in issue and those held in treasury, potentially affecting shareholder interests and voting rights.
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 tobacco-related products. The company focuses on a global market, providing a wide range of tobacco products to consumers worldwide.
Average Trading Volume: 4,390,683
Technical Sentiment Signal: Buy
Current Market Cap: £81.32B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.