British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reissued by equities research analysts at J P Morgan Chase & Co in a research note issued on Tuesday.
Several other research analysts also recently issued reports on BATS. Jefferies Group restated a “buy” rating and set a GBX 6,500 ($87.48) price objective on shares of British American Tobacco in a report on Wednesday, August 9th. Goldman Sachs Group set a GBX 5,400 ($72.68) target price on shares of British American Tobacco and gave the company a “neutral” rating in a research report on Friday, August 11th. Barclays reiterated an “equal weight” rating and set a GBX 5,300 ($71.33) target price on shares of British American Tobacco in a research report on Tuesday, August 15th. Deutsche Bank reiterated a “buy” rating and set a GBX 6,000 ($80.75) target price on shares of British American Tobacco in a research report on Thursday, October 5th. Finally, Berenberg Bank decreased their target price on shares of British American Tobacco from GBX 5,670 ($76.31) to GBX 5,500 ($74.02) and set a “buy” rating on the stock in a research report on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. British American Tobacco currently has an average rating of “Buy” and a consensus target price of GBX 5,677.50 ($76.41).
British American Tobacco (LON:BATS) opened at GBX 4,847.50 ($65.24) on Tuesday. British American Tobacco has a twelve month low of GBX 4,251.39 ($57.22) and a twelve month high of GBX 5,643.60 ($75.96).
In other British American Tobacco news, insider Andrew Gray sold 8,993 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($66.64), for a total value of £445,243.43 ($599,250.92). Also, insider Tadeu Marroco purchased 2,980 shares of British American Tobacco stock in a transaction on Friday, November 17th. The stock was purchased at an average price of GBX 4,985 ($67.09) per share, for a total transaction of £148,553 ($199,936.74). Over the last 90 days, insiders acquired 3,025 shares of company stock worth $15,071,912.
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British American Tobacco 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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