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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco has repurchased 124,038 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, which follows shareholder approval, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing the value of remaining shares. This strategic financial maneuver could strengthen the company’s market position and provide value to shareholders.
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, focusing on the production and sale of cigarettes and other nicotine products. The company is a major player in the global market, known for its extensive portfolio of brands and commitment to reducing the health impact of its products.
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.