British American Tobacco plc (BATS) Rating Reiterated by JPMorgan Chase & Co.
British American Tobacco plc (LON:BATS)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Thursday. They currently have a GBX 5,220 ($68.14) target price on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential upside of 6.95% from the stock’s previous close.
A number of other brokerages have also recently issued reports on BATS. Independent Research GmbH set a GBX 5,200 ($67.88) price objective on British American Tobacco plc and gave the stock a “neutral” rating in a research note on Wednesday, July 6th. Deutsche Bank AG upped their price objective on British American Tobacco plc from GBX 4,500 ($58.74) to GBX 5,000 ($65.27) and gave the stock a “buy” rating in a research note on Wednesday, July 6th. Citigroup Inc. reiterated a “buy” rating and set a GBX 5,800 ($75.71) price objective on shares of British American Tobacco plc in a research note on Wednesday, July 6th. BNP Paribas reiterated a “neutral” rating and set a GBX 5,000 ($65.27) price objective on shares of British American Tobacco plc in a research note on Friday, July 8th. Finally, Barclays PLC cut British American Tobacco plc to an “equal weight” rating and upped their price objective for the stock from GBX 4,400 ($57.43) to GBX 5,100 ($66.57) in a research note on Friday, July 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 4,863.15 ($63.48).
British American Tobacco plc (LON:BATS) opened at 4881.00 on Thursday. British American Tobacco plc has a 12 month low of GBX 3,536.00 and a 12 month high of GBX 5,135.00. The company’s market capitalization is GBX 90.69 billion. The company has a 50-day moving average price of GBX 4,831.36 and a 200 day moving average price of GBX 4,504.94.
The company also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th were given a GBX 51.30 ($0.67) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.07%.
In other British American Tobacco plc news, insider Jack Bowles sold 511 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of GBX 4,840 ($63.18), for a total value of £24,732.40 ($32,283.51). Also, insider Helmes,Marion bought 900 shares of the company’s stock in a transaction on Thursday, September 1st. The stock was purchased at an average price of GBX 4,758 ($62.11) per share, with a total value of £42,822 ($55,896.10).
About British American Tobacco plc
British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.
Receive News & Stock Ratings for British American Tobacco plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco plc and related stocks with our FREE daily email newsletter.