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The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco has repurchased 115,438 of its ordinary shares as part of a buyback program, with plans to cancel these shares. This transaction, executed through Merrill Lynch International, is part of the company’s strategy to manage its share capital and could impact shareholder interests and voting rights.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £29.00 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 68.75 is driven primarily by strong financial performance and robust technical indicators, revealing bullish momentum. However, the high P/E ratio and potential overbought conditions temper the outlook. Earnings call insights suggest modest growth with challenges ahead, impacting the score moderately.
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 a global market, providing a wide range of tobacco and nicotine-related products to consumers worldwide.
Average Trading Volume: 6,299,321
Technical Sentiment Signal: Buy
Current Market Cap: £77.09B
For an in-depth examination of BATS stock, go to TipRanks’ Stock Analysis page.