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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 182,594 of its ordinary shares from Banco Santander, S.A. as part of its ongoing buyback program. This move, approved by shareholders, aims to enhance shareholder value by reducing the number of shares in circulation. Following the cancellation of these shares, the company will have 2,186,460,572 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 p.l.c. is a leading company in the tobacco industry, primarily engaged in the manufacturing and sale of cigarettes and other nicotine products. The company operates globally, focusing on providing a range of tobacco and nicotine products to consumers worldwide.
Average Trading Volume: 4,114,891
Technical Sentiment Signal: Buy
Current Market Cap: £84.01B
For an in-depth examination of BATS stock, go to TipRanks’ Overview page.