Credit Suisse Group set a GBX 4,010 ($52.40) target price on British American Tobacco Plc Ads (LON:BATS) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research firms have also recently weighed in on BATS. Morgan Stanley began coverage on in a report on Monday, June 17th. They set an equal weight rating and a GBX 215 ($2.81) price target for the company. JPMorgan Chase & Co. raised Scor from a neutral rating to an overweight rating in a report on Thursday, June 13th. Jefferies Financial Group began coverage on in a report on Wednesday, June 12th. They issued a hold rating and a GBX 250 ($3.27) price objective for the company. Citigroup cut OIL SEARCH LTD/ADR from a neutral rating to a sell rating in a report on Thursday, March 28th. Finally, Liberum Capital raised to a hold rating and set a GBX 840 ($10.98) price objective for the company in a report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of GBX 3,811.25 ($49.80).
Shares of LON BATS opened at GBX 2,900 ($37.89) on Monday. The company has a debt-to-equity ratio of 72.33, a current ratio of 0.78 and a quick ratio of 0.40. British American Tobacco Plc Ads has a 12 month low of GBX 2,336.50 ($30.53) and a 12 month high of GBX 4,265 ($55.73). The business’s 50 day simple moving average is GBX 2,885.46. The company has a market cap of $66.52 billion and a P/E ratio of 11.02.
The business also recently declared a dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, June 27th will be given a GBX 50.75 ($0.66) dividend. The ex-dividend date is Thursday, June 27th. This represents a dividend yield of 1.81%. British American Tobacco Plc Ads’s dividend payout ratio (DPR) is presently 0.77%.
In related news, insider Jack Bowles sold 6,811 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of GBX 2,947 ($38.51), for a total transaction of £200,720.17 ($262,276.45).
British American Tobacco Plc Ads 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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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