British American Tobacco ( (GB:BATS) ) has shared an announcement.
British American Tobacco has announced a transaction involving the repurchase of 130,021 of its ordinary shares as part of its ongoing buyback program. This move, authorized by shareholders, is intended to cancel the purchased shares, reducing the total number of shares in circulation and potentially enhancing shareholder value. Following this transaction, the company will have 2,201,202,720 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
British American Tobacco’s stock score of 67 reflects strong cash flow and dividend yield, appealing to income investors. However, earnings volatility and market challenges weigh on the assessment. The company benefits from stable technical trends and a moderately attractive valuation, bolstered by strategic share buybacks. Despite these strengths, the lack of strong momentum limits immediate upside potential.
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 manufacture and sale of cigarettes and other nicotine products. The company focuses on delivering tobacco and nicotine products to a global market, maintaining a significant presence in various regions worldwide.
YTD Price Performance: 11.68%
Average Trading Volume: 5,416,931
Technical Sentiment Signal: Strong Sell
Current Market Cap: £69.23B
See more data about BATS stock on TipRanks’ Stock Analysis page.