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An announcement from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco PLC announced the purchase of 177,000 of its own ordinary shares as part of its ongoing buyback program. The shares were acquired from Goldman Sachs International at a volume-weighted average price of 3,867.41 pence per share. Following this transaction, the company plans to cancel the purchased shares, which will affect the total number of shares in issue and those held in treasury. This move is expected to impact the company’s share structure and could influence shareholder decisions regarding their interests in the company.
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 PLC 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 providing a wide range of tobacco and nicotine-related products to consumers worldwide.
Average Trading Volume: 4,481,693
Technical Sentiment Signal: Buy
Current Market Cap: £84.93B
See more insights into BATS stock on TipRanks’ Stock Analysis page.