Goldman Sachs Group set a GBX 5,500 ($74.59) price objective on British American Tobacco (LON:BATS) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the stock.
A number of other research analysts have also recently issued reports on the stock. Jefferies Group decreased their price target on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,900 ($80.01) and set a buy rating for the company in a report on Friday, November 17th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 5,610 ($76.08) price target on shares of British American Tobacco in a report on Friday, October 20th. Credit Suisse Group decreased their price target on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an outperform rating for the company in a report on Tuesday, October 10th. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,000 ($81.37) price target on shares of British American Tobacco in a report on Tuesday, November 21st. Finally, UBS Group set a GBX 5,800 ($78.65) price target on shares of British American Tobacco and gave the stock a buy rating in a report on Monday, November 13th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. British American Tobacco has an average rating of Buy and an average target price of GBX 5,628.67 ($76.33).
British American Tobacco (LON BATS) opened at GBX 4,968 ($67.37) on Wednesday. The stock has a market cap of $113,950.00 and a price-to-earnings ratio of 2,188.55. British American Tobacco has a fifty-two week low of GBX 4,064 ($55.11) and a fifty-two week high of GBX 5,643.60 ($76.53).
The firm also recently announced a dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, December 28th will be issued a dividend of GBX 43.60 ($0.59) per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a dividend yield of 0.88%.
In related news, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($67.14), for a total transaction of £445,243.43 ($603,801.78). Also, insider Tadeu Marroco purchased 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The shares were purchased at an average price of GBX 4,985 ($67.60) per share, for a total transaction of £148,553 ($201,455.11). In the last 90 days, insiders have purchased 2,989 shares of company stock worth $14,899,415.
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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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