JPMorgan Chase & Co. reiterated their overweight rating on shares of British American Tobacco (LON:BATS) in a report published on Friday, January 19th. JPMorgan Chase & Co. currently has a GBX 5,610 ($77.51) target price on the stock.
A number of other brokerages have also weighed in on BATS. Berenberg Bank raised their price target on shares of British American Tobacco from GBX 5,500 ($75.99) to GBX 5,575 ($77.02) and gave the company a buy rating in a research note on Wednesday, November 22nd. Citigroup reaffirmed a buy rating on shares of British American Tobacco in a research note on Tuesday, January 16th. Royal Bank of Canada set a GBX 4,800 ($66.32) price target on shares of British American Tobacco and gave the company a neutral rating in a research note on Wednesday, December 13th. Goldman Sachs Group set a GBX 5,500 ($75.99) target price on shares of British American Tobacco and gave the stock a buy rating in a research note on Monday, December 11th. Finally, UBS Group set a GBX 5,800 ($80.13) target price on shares of British American Tobacco and gave the stock a buy rating in a research note on Wednesday, December 13th. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. British American Tobacco presently has an average rating of Buy and a consensus target price of GBX 5,685.33 ($78.55).
Shares of British American Tobacco (BATS) traded up GBX 52.50 ($0.73) during trading on Friday, reaching GBX 4,465 ($61.69). 3,867,772 shares of the company were exchanged, compared to its average volume of 2,940,000. The stock has a market cap of $102,580.00 and a price-to-earnings ratio of 1,966.96. British American Tobacco has a 1 year low of GBX 4,064 ($56.15) and a 1 year high of GBX 5,643.60 ($77.97).
The company also recently declared a dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, December 28th were issued a dividend of GBX 43.60 ($0.60) per share. The ex-dividend date was Thursday, December 28th. This represents a dividend yield of 0.88%.
In related news, insider Ricardo Oberlander sold 6,000 shares of British American Tobacco stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($69.08), for a total value of £300,000 ($414,479.14). Also, insider Tadeu Marroco bought 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was bought at an average price of GBX 4,985 ($68.87) per share, with a total value of £148,553 ($205,240.40). Insiders have bought a total of 2,986 shares of company stock valued at $14,884,754 in the last 90 days.
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About British American Tobacco
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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