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The latest announcement is out from British American Tobacco ( (GB:BATS) ).
British American Tobacco has executed a share buyback as part of its ongoing repurchase program, buying 127,664 ordinary shares at a volume weighted average price of 3,198.3504 pence per share. These shares will be canceled, reducing the number of shares in circulation and potentially enhancing shareholder value. The purchase aligns with the authority granted by shareholders and impacts the company’s financial structure as it continues to manage its capital allocation strategy.
More about British American Tobacco
British American Tobacco p.l.c. is a major player in the tobacco industry, primarily offering a range of tobacco and nicotine products. The company focuses on both traditional cigarettes and newer categories like reduced-risk products, maintaining a strong market presence globally.
YTD Price Performance: 11.01%
Average Trading Volume: 4,990,588
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £70.36B
Find detailed analytics on BATS stock on TipRanks’ Stock Analysis page.
