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British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco p.l.c. announced the purchase and cancellation of 182,160 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted with Banco Santander, S.A., is part of the company’s strategy to optimize its capital structure and deliver value to shareholders. Following this buyback, the company has 2,187,372,221 ordinary shares in issue, excluding treasury shares, which carry voting rights. This move is expected to impact the company’s share capital and may influence shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4004.00 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 55 reflects a mix of strong financial performance and cash flow generation, offset by bearish technical indicators and a relatively high P/E ratio. The attractive dividend yield provides some support, but the lack of earnings call data and corporate events limits additional insights.
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 tobacco-related products. The company is focused on maintaining its market position while exploring opportunities in the reduced-risk products segment.
Average Trading Volume: 4,163,876
Technical Sentiment Signal: Buy
Current Market Cap: £85.18B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.