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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco announced the purchase of 126,705 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move, authorized by shareholders, aims to cancel the purchased shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,187,554,381 ordinary shares in issue, excluding treasury shares, which could impact shareholders’ interests and voting rights.
The most recent analyst rating on (GB:BATS) stock is a Buy with a £44.00 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 is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company focuses on delivering high-quality tobacco products to a global market, maintaining a significant presence in the industry.
Average Trading Volume: 4,193,275
Technical Sentiment Signal: Buy
Current Market Cap: £85.51B
See more insights into BATS stock on TipRanks’ Stock Analysis page.