BAT Cancels 159,551 Shares in Latest Buyback Tranche

British American Tobacco (GB:BATS) recently repurchased 159,551 ordinary shares for cancellation, acquired from Banco Santander at an average price of 4,324.6096p. This move reduces the number of shares in issue to 2,172,840,264, marginally enhancing earnings per share. TipRanks’ AI Analyst, Spark, rates BATS as “Outperform,” citing profitability, valuation, and capital-return plans, despite noting leverage and pressures from vapor/illicit products.

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