British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reiterated by analysts at JPMorgan Chase & Co. in a research note issued to investors on Friday. They presently have a GBX 5,610 ($76.08) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 10.83% from the stock’s previous close.
Several other research analysts have also recently weighed in on BATS. Goldman Sachs Group set a GBX 5,500 ($74.59) price target on shares of British American Tobacco and gave the company a “buy” rating in a research report on Wednesday, January 10th. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Tuesday, January 16th. Jefferies Group lowered their price target on shares of British American Tobacco from GBX 6,500 ($88.15) to GBX 6,100 ($82.72) and set a “buy” rating on the stock in a research report on Friday, October 6th. DZ Bank reissued a “neutral” rating on shares of British American Tobacco in a research report on Tuesday, January 9th. Finally, Whitman Howard reissued a “hold” rating and set a GBX 5,300 ($71.87) price target on shares of British American Tobacco in a research report on Thursday, October 26th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and an average price target of GBX 5,628.67 ($76.33).
Shares of British American Tobacco (LON:BATS) traded up GBX 112 ($1.52) during mid-day trading on Friday, hitting GBX 5,062 ($68.65). The stock has a market cap of $116,100.00 and a PE ratio of 2,229.96. British American Tobacco has a 12-month low of GBX 4,064 ($55.11) and a 12-month high of GBX 5,643.60 ($76.53).
In other British American Tobacco news, insider Tadeu Marroco purchased 2,980 shares of British American Tobacco stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of GBX 4,985 ($67.60) per share, with a total value of £148,553 ($201,455.11). Also, insider Ricardo Oberlander sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($67.81), for a total transaction of £300,000 ($406,834.83). Insiders acquired 2,989 shares of company stock worth $14,899,415 in the last ninety days.
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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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