British American Tobacco plc (BATS) Given a GBX 5,150 Price Target by Berenberg Bank Analysts
British American Tobacco plc (LON:BATS) has been assigned a GBX 5,150 ($63.74) price target by analysts at Berenberg Bank in a research note issued to investors on Friday. The brokerage currently has a a “neutral” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 5.49% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Deutsche Bank AG upped their price target on shares of British American Tobacco plc from GBX 4,500 ($55.69) to GBX 5,000 ($61.88) and gave the company a “buy” rating in a report on Wednesday, July 6th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 5,800 ($71.78) target price on shares of British American Tobacco plc in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. set a GBX 5,340 ($66.09) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Tuesday, July 5th. Societe Generale reiterated a “buy” rating and issued a GBX 4,700 ($58.17) target price on shares of British American Tobacco plc in a research note on Monday, June 27th. Finally, Credit Suisse Group AG set a GBX 5,050 ($62.50) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 4,893.15 ($60.56).
British American Tobacco plc (LON:BATS) opened at 4893.50 on Friday. The firm’s market capitalization is GBX 90.92 billion. 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 stock’s 50 day moving average price is GBX 4,826.42 and its 200 day moving average price is GBX 4,536.16.
The business also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 51.30 ($0.63) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a dividend yield of 1.07%.
In related news, insider Helmes,Marion purchased 3,600 shares of the firm’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). Also, insider Jack Bowles sold 511 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($59.90), for a total transaction of £24,732.40 ($30,609.41).
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.
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.