Credit Suisse Group AG Reiterates “Outperform” Rating for British American Tobacco plc (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group AG in a report issued on Friday. They currently have a GBX 5,175 ($64.66) price objective on the stock. Credit Suisse Group AG’s target price would indicate a potential upside of 20.88% from the stock’s previous close.
Several other brokerages have also recently issued reports on BATS. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of British American Tobacco plc in a research report on Tuesday, August 23rd. Berenberg Bank set a GBX 5,150 ($64.34) price target on shares of British American Tobacco plc and gave the company a “neutral” rating in a research report on Friday, October 14th. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 5,220 ($65.22) price target on shares of British American Tobacco plc in a research report on Thursday, October 6th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 5,300 ($66.22) price target on shares of British American Tobacco plc in a research report on Monday, August 22nd. Finally, Jefferies Group boosted their price target on shares of British American Tobacco plc from GBX 5,800 ($72.46) to GBX 6,000 ($74.96) and gave the company a “buy” rating in a research report on Tuesday, October 11th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. British American Tobacco plc has an average rating of “Hold” and an average target price of GBX 5,057.26 ($63.18).
British American Tobacco plc (LON:BATS) opened at 4307.00 on Friday. The company’s market cap is GBX 80.02 billion. The firm’s 50 day moving average is GBX 4,727.51 and its 200 day moving average is GBX 4,609.64. British American Tobacco plc has a 52-week low of GBX 3,536.00 and a 52-week high of GBX 5,135.00.
In other British American Tobacco plc news, insider Helmes,Marion purchased 3,600 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were acquired at an average cost of GBX 4,809 ($60.08) per share, for a total transaction of £173,124 ($216,296.85). Also, insider Jack Bowles sold 511 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of GBX 4,840 ($60.47), for a total transaction of £24,732.40 ($30,900.05).
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.
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