British American Tobacco plc (BATS) Price Target Cut to GBX 5,700 by Analysts at Deutsche Bank AG
British American Tobacco plc (LON:BATS) had its price target cut by research analysts at Deutsche Bank AG from GBX 6,000 ($74.96) to GBX 5,700 ($71.21) in a research note issued on Tuesday. The firm currently has a ” buy” rating on the stock. Deutsche Bank AG’s target price would indicate a potential upside of 33.15% from the stock’s current price.
A number of other equities analysts also recently commented on the stock. Beaufort Securities reissued a “buy” rating on shares of British American Tobacco plc in a research note on Friday, July 29th. Credit Suisse Group AG set a GBX 5,050 ($63.09) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Monday, July 18th. Investec raised shares of British American Tobacco plc to a “buy” rating and raised their target price for the company from GBX 4,000 ($49.98) to GBX 5,200 ($64.97) in a research note on Thursday, September 8th. Jefferies Group raised their target price on shares of British American Tobacco plc from GBX 4,800 ($59.97) to GBX 5,800 ($72.46) and gave the company a “buy” rating in a research note on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. set a GBX 5,500 ($68.72) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Friday, October 14th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of GBX 5,067.79 ($63.32).
Shares of British American Tobacco plc (LON:BATS) opened at 4295.00 on Tuesday. The company has a 50-day moving average of GBX 4,727.51 and a 200-day moving average of GBX 4,609.64. 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 market capitalization is GBX 79.80 billion.
In other news, insider Helmes,Marion acquired 900 shares of the business’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average cost of GBX 4,758 ($59.45) per share, for a total transaction of £42,822 ($53,500.75). Also, insider Jack Bowles sold 511 shares of British American Tobacco plc stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($60.47), for a total transaction of £24,732.40 ($30,900.05).
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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