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British American Tobacco ( (GB:BATS) ) has shared an update.
British American Tobacco has executed a share buyback program, purchasing 175,000 of its ordinary shares from Goldman Sachs International. This move, authorized by shareholders, aims to reduce the number of shares in circulation, potentially increasing the value for remaining shareholders and strengthening the company’s financial position.
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. operates in the tobacco industry, focusing on the production and sale of cigarettes and other nicotine products. The company is one of the largest tobacco producers globally, with a significant market presence across various regions.
Average Trading Volume: 4,115,690
Technical Sentiment Signal: Buy
Current Market Cap: £83.55B
Learn more about BATS stock on TipRanks’ Stock Analysis page.