British American Tobacco plc (BATS) Price Target Cut to GBX 5,700
British American Tobacco plc (LON:BATS) had its price target lowered by Jefferies Group from GBX 6,000 ($74.96) to GBX 5,700 ($71.21) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target points to a potential upside of 33.24% from the company’s current price.
BATS has been the topic of several other research reports. Credit Suisse Group AG restated an “outperform” rating and set a GBX 5,350 ($66.84) price target on shares of British American Tobacco plc in a report on Friday, October 21st. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 5,300 ($66.22) price target on shares of British American Tobacco plc in a report on Tuesday, September 13th. Berenberg Bank set a GBX 5,150 ($64.34) price objective on British American Tobacco plc and gave the stock a “neutral” rating in a research report on Friday, October 14th. Beaufort Securities reaffirmed a “buy” rating on shares of British American Tobacco plc in a research report on Friday, October 21st. Finally, Societe Generale set a GBX 5,200 ($64.97) price objective on British American Tobacco plc and gave the stock a “neutral” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of GBX 5,067.79 ($63.32).
British American Tobacco plc (LON:BATS) opened at 4298.00 on Tuesday. 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 stock’s market capitalization is GBX 79.86 billion. The stock has a 50 day moving average price of GBX 4,699.57 and a 200 day moving average price of GBX 4,611.19.
In related news, insider Helmes,Marion bought 3,600 shares of the stock in a transaction on Friday, September 2nd. The shares were purchased at an average price of GBX 4,809 ($60.08) per share, for a total transaction of £173,124 ($216,296.85).
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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