British American Tobacco (LON:BATS) insider Jerome Abelman sold 10,303 shares of the stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of GBX 4,092 ($57.44), for a total transaction of £421,598.76 ($591,800.62).
BATS opened at GBX 4,286 ($60.16) on Friday. British American Tobacco has a 52-week low of GBX 4,064 ($57.05) and a 52-week high of GBX 5,643.60 ($79.22).
The business also recently disclosed a dividend, which will be paid on Wednesday, May 9th. Shareholders of record on Thursday, March 22nd will be issued a dividend of GBX 48.80 ($0.69) per share. This represents a yield of 1.09%. This is an increase from British American Tobacco’s previous dividend of $43.60. The ex-dividend date of this dividend is Thursday, March 22nd.
A number of research firms have recently weighed in on BATS. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 5,800 ($81.41) price objective on shares of British American Tobacco in a research note on Wednesday, March 28th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 5,500 ($77.20) price objective on shares of British American Tobacco in a research note on Friday, March 23rd. Jefferies Group increased their price target on shares of British American Tobacco from GBX 5,800 ($81.41) to GBX 6,000 ($84.22) and gave the stock a “buy” rating in a report on Monday, March 12th. Goldman Sachs lowered their price target on shares of British American Tobacco from GBX 5,850 ($82.12) to GBX 5,400 ($75.80) and set a “buy” rating on the stock in a report on Monday, March 5th. Finally, Citigroup reissued a “neutral” rating on shares of British American Tobacco in a report on Thursday, March 1st. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 5,569.12 ($78.17).
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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.
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