Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco announced the purchase of 182,086 of its ordinary shares from Banco Santander as part of its ongoing share buyback program. This transaction, which was conducted under the authority granted by shareholders, aims to cancel the purchased shares, thereby reducing the number of shares in circulation and potentially increasing shareholder value. Following this buyback, the company will have 2,186,823,998 ordinary shares in issue, excluding treasury shares, which may impact 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 is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company has a significant market presence globally, focusing on delivering high-quality tobacco products to consumers.
Average Trading Volume: 4,165,962
Technical Sentiment Signal: Buy
Current Market Cap: £82.52B
See more data about BATS stock on TipRanks’ Stock Analysis page.