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British American Tobacco ( (GB:BATS) ) has issued an update.
British American Tobacco has executed a share buyback transaction, purchasing 172,853 of its ordinary shares from Goldman Sachs International as part of its ongoing buyback program. This move, authorized by shareholders, is aimed at reducing the number of shares in circulation, potentially increasing the value of remaining shares and enhancing shareholder value. Following this transaction, BAT will cancel the purchased shares, resulting in a total of 2,184,030,914 ordinary shares in issue, excluding treasury shares. This strategic financial maneuver may impact the company’s market positioning and shareholder interests.
The most recent analyst rating on (GB:BATS) stock is a Hold with a £4056.00 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 60 reflects a balance between strong cash flow generation and profitability against concerns of earnings volatility and high valuation. The technical indicators suggest a lack of strong momentum, while the high dividend yield provides a cushion for investors seeking income. The absence of debt and improved equity strength are positive signs, but the stock’s current valuation and technical setup warrant cautious optimism.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco (BAT) 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 providing a range of tobacco and nicotine alternatives to consumers globally.
Average Trading Volume: 4,445,540
Technical Sentiment Signal: Buy
Current Market Cap: £84.78B
For detailed information about BATS stock, go to TipRanks’ Stock Analysis page.