British American Tobacco plc (BATS) Given “Buy” Rating at Societe Generale

Societe Generale reissued their buy rating on shares of British American Tobacco plc (LON:BATS) in a research note published on Thursday. They currently have a GBX 5,800 ($76.29) price objective on the stock.

Other research analysts have also issued reports about the stock. J P Morgan Chase & Co assumed coverage on shares of British American Tobacco plc in a research report on Thursday, August 3rd. They set an overweight rating and a GBX 5,610 ($73.79) price target for the company. Whitman Howard restated a hold rating and set a GBX 5,300 ($69.71) price target on shares of British American Tobacco plc in a research report on Thursday, July 20th. Investec restated a hold rating and set a GBX 5,500 ($72.34) price target on shares of British American Tobacco plc in a research report on Wednesday, July 12th. UBS AG set a GBX 5,670 ($74.58) price target on shares of British American Tobacco plc and gave the company a buy rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. restated a buy rating and set a GBX 6,400 ($84.18) price target on shares of British American Tobacco plc in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of GBX 5,677.14 ($74.67).

British American Tobacco plc (LON BATS) traded down GBX 40.50 ($0.53) during trading on Thursday, reaching GBX 4,910 ($64.58). 2,037,917 shares of the company were exchanged, compared to its average volume of 3,100,000. British American Tobacco plc has a fifty-two week low of GBX 4,237 ($55.73) and a fifty-two week high of GBX 5,643.60 ($74.23).

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In other British American Tobacco plc news, insider Naresh Sethi sold 7,035 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of GBX 4,898 ($64.42), for a total value of £344,574.30 ($453,208.34). Also, insider Alan Davy purchased 36 shares of the stock in a transaction on Monday, October 9th. The stock was acquired at an average cost of GBX 4,816 ($63.34) per share, with a total value of £1,733.76 ($2,280.36). Insiders have bought a total of 45 shares of company stock valued at $216,612 over the last ninety days.

About British American Tobacco plc

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Analyst Recommendations for British American Tobacco plc (LON:BATS)

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