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British American Tobacco ( (GB:BATS) ) has provided an announcement.
British American Tobacco has announced the repurchase of 128,750 ordinary shares as part of its ongoing buyback program. The shares, purchased at an average price of 2,992.2105 pence, are set to be canceled, which will reduce the total number of shares in circulation. This move is part of the company’s efforts to optimize capital structure and enhance shareholder value, potentially impacting its stock value and market perception.
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 known for its market presence across various regions and its strategic initiatives to expand its product offerings to include reduced-risk products.
YTD Price Performance: 2.53%
Average Trading Volume: 4,630,422
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £65.02B
See more insights into BATS stock on TipRanks’ Stock Analysis page.
