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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco announced the purchase of 126,462 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This transaction, authorized by shareholders, aims to cancel the acquired shares, reducing the total number of shares in circulation and potentially enhancing shareholder value. The buyback reflects the company’s strategic financial management and could impact stakeholders by altering shareholding percentages.
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 leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other tobacco-related products. The company focuses on maintaining a strong market presence globally, with a commitment to delivering sustainable products.
Average Trading Volume: 4,207,203
Technical Sentiment Signal: Buy
Current Market Cap: £85.51B
Learn more about BATS stock on TipRanks’ Stock Analysis page.