British American Tobacco plc (LON:BATS)‘s stock had its “hold” rating reissued by research analysts at Whitman Howard in a research report issued to clients and investors on Thursday, October 26th. They presently have a GBX 5,300 ($69.71) target price on the stock. Whitman Howard’s price objective suggests a potential upside of 7.94% from the company’s current price.
Several other brokerages have also issued reports on BATS. UBS AG set a GBX 5,670 ($74.58) target price on British American Tobacco plc and gave the company a “buy” rating in a research report on Thursday, July 13th. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 6,100 ($80.23) price target on shares of British American Tobacco plc in a report on Friday, July 28th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 6,400 ($84.18) price target on shares of British American Tobacco plc in a report on Friday, July 28th. Goldman Sachs Group, Inc. (The) reduced their price objective on shares of British American Tobacco plc from GBX 5,400 ($71.02) to GBX 5,340 ($70.24) and set a “neutral” rating for the company in a research note on Thursday, September 21st. Finally, Berenberg Bank reduced their price objective on shares of British American Tobacco plc from GBX 5,670 ($74.58) to GBX 5,500 ($72.34) and set a “buy” rating for the company in a research note on Friday, October 6th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of GBX 5,677.14 ($74.67).
Shares of British American Tobacco plc (LON BATS) traded down GBX 40.50 ($0.53) during trading hours on Thursday, hitting GBX 4,910 ($64.58). The company’s stock had a trading volume of 2,037,917 shares, 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 news, insider Naresh Sethi sold 7,035 shares of British American Tobacco plc 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 transaction of £344,574.30 ($453,208.34). Also, insider Alan Davy acquired 36 shares of the firm’s stock in a transaction dated Monday, October 9th. The shares were purchased 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 in the last 90 days.
British American Tobacco plc Company Profile
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).
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