British American Tobacco (LON:BATS) had its price objective upped by equities research analysts at Jefferies Group from GBX 5,800 ($80.13) to GBX 6,000 ($82.90) in a research note issued on Monday, March 12th. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective would suggest a potential upside of 48.46% from the company’s current price.
A number of other analysts have also commented on the company. Credit Suisse Group reissued an “outperform” rating and set a GBX 5,800 ($80.13) price objective on shares of British American Tobacco in a report on Wednesday, February 14th. Investec reissued a “buy” rating and set a GBX 6,000 ($82.90) price objective on shares of British American Tobacco in a report on Monday, January 29th. Deutsche Bank reissued a “buy” rating and set a GBX 6,000 ($82.90) price objective on shares of British American Tobacco in a report on Tuesday, November 21st. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Tuesday, January 16th. Finally, UBS set a GBX 5,800 ($80.13) price objective on British American Tobacco and gave the stock a “buy” rating in a report on Monday, November 13th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and a consensus target price of GBX 5,569.12 ($76.94).
Shares of BATS stock opened at GBX 4,041.50 ($55.84) on Monday. The company has a market capitalization of $96,990.00 and a PE ratio of 318.48. British American Tobacco has a 12-month low of GBX 4,064 ($56.15) and a 12-month high of GBX 5,643.60 ($77.97).
In related news, insider Ricardo Oberlander sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($69.08), for a total value of £300,000 ($414,479.14). Also, insider Richard Burrows acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average price of GBX 4,236 ($58.52) per share, for a total transaction of £169,440 ($234,097.82).
COPYRIGHT VIOLATION NOTICE: “British American Tobacco (LON:BATS) Price Target Raised to GBX 6,000 at Jefferies Group” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/03/20/british-american-tobacco-bats-given-new-gbx-6000-price-target-at-jefferies-group.html.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.