British American Tobacco (NYSE:BTI) Given a $78.00 Price Target at Jefferies Group

British American Tobacco (NYSE:BTI) has been assigned a $78.00 target price by equities researchers at Jefferies Group in a report issued on Saturday, November 18th. The firm currently has a “buy” rating on the stock. Jefferies Group’s price objective suggests a potential upside of 20.09% from the company’s current price. Jefferies Group also issued estimates for British American Tobacco’s FY2017 earnings at $3.75 EPS.

BTI has been the subject of a number of other reports. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco in a research note on Thursday, August 3rd. Investec raised shares of British American Tobacco from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Goldman Sachs Group reaffirmed a “neutral” rating on shares of British American Tobacco in a research note on Friday, August 11th. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $70.00 price objective for the company in a research note on Tuesday, August 15th. Finally, BidaskClub lowered shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. British American Tobacco presently has an average rating of “Buy” and a consensus price target of $71.25.

Shares of British American Tobacco (NYSE BTI) opened at $64.95 on Friday. British American Tobacco has a one year low of $54.58 and a one year high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

Institutional investors have recently made changes to their positions in the business. BB&T Investment Services Inc. raised its holdings in British American Tobacco by 625.6% in the third quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after purchasing an additional 1,395 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in British American Tobacco by 908.6% in the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after purchasing an additional 1,472 shares in the last quarter. Krilogy Financial LLC bought a new position in British American Tobacco in the third quarter worth about $106,000. D. Scott Neal Inc. bought a new position in British American Tobacco in the third quarter worth about $106,000. Finally, Asset Management One Co. Ltd. bought a new position in British American Tobacco in the third quarter worth about $109,000. Institutional investors and hedge funds own 9.35% of the company’s stock.

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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).

Analyst Recommendations for British American Tobacco (NYSE:BTI)

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