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An update from British American Tobacco ( (GB:BATS) ) is now available.
British American Tobacco p.l.c. announced the purchase of 126,658 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. This transaction, authorized by shareholders and aimed at reducing the number of shares in circulation, reflects the company’s strategy to enhance shareholder value and optimize its capital structure.
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. operates in the tobacco industry, primarily focusing on the production and sale of cigarettes, tobacco, and nicotine products. The company is known for its significant market presence and diverse portfolio of brands, catering to a global consumer base.
Average Trading Volume: 4,342,631
Technical Sentiment Signal: Buy
Current Market Cap: £85.93B
See more insights into BATS stock on TipRanks’ Stock Analysis page.