British American Tobacco plc (BATS) Price Target Increased to GBX 6,000 by Analysts at Jefferies Group
British American Tobacco plc (LON:BATS) had its target price raised by Jefferies Group from GBX 5,800 ($71.78) to GBX 6,000 ($74.26) in a research note released on Tuesday. Jefferies Group currently has a buy rating on the stock.
Other equities analysts have also recently issued reports about the company. Societe Generale set a GBX 5,200 ($64.36) price objective on British American Tobacco plc and gave the company a neutral rating in a research note on Friday, July 29th. Deutsche Bank AG restated a buy rating and set a GBX 4,500 ($55.69) price objective on shares of British American Tobacco plc in a research note on Tuesday, June 21st. JPMorgan Chase & Co. raised their price objective on British American Tobacco plc from GBX 4,620 ($57.18) to GBX 4,650 ($57.55) and gave the company an overweight rating in a research note on Friday, June 17th. Berenberg Bank cut British American Tobacco plc to a hold rating and raised their price objective for the company from GBX 4,285 ($53.03) to GBX 4,840 ($59.90) in a research note on Thursday, July 7th. Finally, BNP Paribas restated a neutral rating and set a GBX 4,300 ($53.22) price objective on shares of British American Tobacco plc in a research note on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. British American Tobacco plc has an average rating of Hold and an average target price of GBX 4,880.65 ($60.40).
Shares of British American Tobacco plc (LON:BATS) traded down 0.78% during trading on Tuesday, reaching GBX 4845.50. 1,195,155 shares of the company traded hands. The stock’s market capitalization is GBX 90.03 billion. The company has a 50-day moving average of GBX 4,826.92 and a 200-day moving average of GBX 4,531.59. 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 firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 18th were issued a dividend of GBX 51.30 ($0.63) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 18th.
In other news, insider Jack Bowles sold 511 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of GBX 4,840 ($59.90), for a total transaction of £24,732.40 ($30,609.41). Also, insider Helmes,Marion acquired 3,600 shares of the business’s stock in a transaction dated Friday, September 2nd. The shares were acquired at an average cost of GBX 4,809 ($59.52) per share, with a total value of £173,124 ($214,262.38).
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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