British American Tobacco (LON:BATS) has been given a GBX 5,500 ($77.12) price objective by research analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday, January 10th. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 18.73% from the stock’s previous close.
Several other research analysts also recently commented on BATS. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 6,000 ($84.13) price target on shares of British American Tobacco in a research note on Thursday, October 26th. Berenberg Bank raised their price target on shares of British American Tobacco from GBX 5,500 ($77.12) to GBX 5,575 ($78.17) and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 5,610 ($78.66) price target on shares of British American Tobacco in a research note on Thursday, October 26th. UBS Group set a GBX 5,670 ($79.50) price target on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Tuesday, October 24th. Finally, Credit Suisse Group reduced their price target on shares of British American Tobacco from GBX 6,100 ($85.53) to GBX 5,800 ($81.32) and set an “outperform” rating on the stock in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating and eleven have issued 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 5,668.67 ($79.48).
Shares of British American Tobacco (BATS) traded down GBX 127.50 ($1.79) on Wednesday, hitting GBX 4,632.50 ($64.95). 3,621,699 shares of the stock traded hands, compared to its average volume of 2,430,000. British American Tobacco has a 1-year low of GBX 4,064 ($56.98) and a 1-year high of GBX 5,643.60 ($79.13). The stock has a market capitalization of $106,250.00 and a P/E ratio of 2,040.75.
In related news, insider Andrew Gray sold 8,993 shares of British American Tobacco stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($69.42), for a total value of £445,243.43 ($624,289.72). Also, insider Tadeu Marroco bought 2,980 shares of the stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of GBX 4,985 ($69.90) per share, with a total value of £148,553 ($208,290.80). Insiders bought a total of 2,986 shares of company stock worth $14,884,754 over the last 90 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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