British American Tobacco Cancels Newly Repurchased Shares Under Ongoing Buyback
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British American Tobacco has canceled 125,526 repurchased shares under its ongoing buyback program, reducing the number of ordinary shares with voting rights to 2,176,888,705. This move is expected to enhance earnings per share and may impact investors' disclosure obligations. The latest analyst rating for the stock is a Hold with a £41.50 price target, while TipRanks’ AI Analyst rates it as Outperform, citing strong technical indicators and positive corporate events despite concerns over earnings volatility.
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