British American Tobacco Stock (BATS.L, BTI): £1.3bn Buyback, 2026 Outlook, and What Analysts Forecast as of Dec. 21, 2025
Dec. 21, 2025 — British American Tobacco p.l.c. (BAT) heads into year-end with a familiar investor tug-of-war: the market loves the company’s cash returns (dividends + buybacks), but keeps side-eyeing the regulatory and competitive turbulence in “smokeless” products—especially in the United States. With markets closed on Sunday, the latest reference point is Friday’s close (Dec. 19, 2025). BAT’s London-listed shares (LSE: BATS) ended the session at £42.36 (4,236p), down 1.14% on the day, even as the FTSE 100 rose. Trading volume was notably elevated versus the recent average—often a sign that investors are actively repositioning rather than simply drifting. MarketWatch+1