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British American Tobacco ( (GB:BATS) ) has issued an announcement.
British American Tobacco p.l.c. has executed a share buyback transaction, purchasing 165,000 of its ordinary shares from Goldman Sachs International. This move, part of a previously announced buyback program, aims to cancel the acquired shares, thereby reducing the total number of shares in circulation and potentially increasing shareholder value. Following this transaction, the company will have 2,185,746,237 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 involved in the production and sale of cigarettes and other nicotine products. The company focuses on providing high-quality tobacco products to a global market.
Average Trading Volume: 4,031,941
Technical Sentiment Signal: Buy
Current Market Cap: £82.71B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.