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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco has executed a share buyback transaction, purchasing 127,591 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, authorized by shareholders, aims to cancel the acquired shares, potentially impacting the company’s share value and voting rights structure, with implications for stakeholders in terms of shareholding notifications under regulatory guidelines.
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 p.l.c. is a major player in the tobacco industry, primarily involved in the production and sale of cigarettes and other nicotine products. The company focuses on a global market, catering to a wide range of consumers with its diverse product portfolio.
Average Trading Volume: 4,427,670
Technical Sentiment Signal: Buy
Current Market Cap: £86.63B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.