British American Tobacco plc’s (BATS) Outperform Rating Reaffirmed at Credit Suisse Group AG
Credit Suisse Group AG reiterated their outperform rating on shares of British American Tobacco plc (LON:BATS) in a research report released on Friday. Credit Suisse Group AG currently has a GBX 5,200 ($67.88) price target on the stock.
A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. reiterated an overweight rating and set a GBX 5,220 ($68.14) target price on shares of British American Tobacco plc in a research note on Thursday. Berenberg Bank upped their price objective on British American Tobacco plc from GBX 4,840 ($63.18) to GBX 4,900 ($63.96) and gave the stock a hold rating in a research note on Monday, August 1st. BNP Paribas restated a neutral rating and issued a GBX 5,000 ($65.27) price objective on shares of British American Tobacco plc in a research note on Friday, July 8th. Goldman Sachs Group Inc. set a GBX 5,340 ($69.70) price objective on British American Tobacco plc and gave the stock a buy rating in a research note on Tuesday, July 5th. Finally, Societe Generale lowered British American Tobacco plc to a hold rating and upped their price objective for the stock from GBX 4,700 ($61.35) to GBX 5,200 ($67.88) in a research note on Friday, August 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 4,863.15 ($63.48).
British American Tobacco plc (LON:BATS) traded down 0.25% during midday trading on Friday, reaching GBX 4861.50. The company had a trading volume of 1,591,979 shares. The company’s market capitalization is GBX 90.33 billion. British American Tobacco plc has a 52 week low of GBX 3,536.00 and a 52 week high of GBX 5,135.00. The firm has a 50-day moving average price of GBX 4,825.96 and a 200-day moving average price of GBX 4,512.10.
The company also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th were paid a GBX 51.30 ($0.67) dividend. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 1.07%.
In related news, insider Helmes,Marion acquired 900 shares of the stock in a transaction dated Thursday, September 1st. The stock was acquired at an average cost of GBX 4,758 ($62.11) per share, for a total transaction of £42,822 ($55,896.10). Also, insider Jack Bowles sold 511 shares of British American Tobacco plc stock in a transaction on Thursday, August 18th. The stock was sold at an average price of GBX 4,840 ($63.18), for a total transaction of £24,732.40 ($32,283.51).
British American Tobacco plc Company Profile
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.
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