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British American Tobacco ( (GB:BATS) ) has provided an update.
British American Tobacco has announced a transaction involving the buyback of 122,059 of its ordinary shares from Banco Santander as part of a previously announced buyback program. This move is part of the company’s strategy to manage its capital structure and return value to shareholders. The purchased shares will be canceled, reducing the total number of shares in circulation, which could impact shareholder value and voting rights.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 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 is primarily driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco is a leading company in the tobacco industry, primarily known for its production and sale of cigarettes and other nicotine products. It operates globally, focusing on providing high-quality tobacco products while also exploring reduced-risk alternatives.
Average Trading Volume: 4,428,460
Technical Sentiment Signal: Buy
Current Market Cap: £87.94B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.