British American Tobacco plc’s (LON:BATS) “Hold” Rating Reiterated at Investec
Investec reaffirmed their hold rating on shares of British American Tobacco plc (LON:BATS) in a research note released on Wednesday morning. They currently have a GBX 5,500 ($71.82) target price on the stock.
Several other research analysts have also recently issued reports on the stock. Credit Suisse Group restated an outperform rating and issued a GBX 6,100 ($79.66) target price on shares of British American Tobacco plc in a report on Thursday, June 29th. Whitman Howard restated a hold rating and issued a GBX 5,300 ($69.21) target price on shares of British American Tobacco plc in a report on Wednesday, June 14th. Berenberg Bank restated a buy rating and issued a GBX 5,670 ($74.04) target price on shares of British American Tobacco plc in a report on Tuesday, May 23rd. Citigroup Inc. restated a buy rating on shares of British American Tobacco plc in a report on Saturday, May 20th. Finally, UBS AG set a GBX 5,300 ($69.21) target price on shares of British American Tobacco plc and gave the stock a buy rating in a report on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. British American Tobacco plc presently has an average rating of Buy and a consensus price target of GBX 5,591.25 ($73.01).
British American Tobacco plc (LON:BATS) opened at 5234.00 on Wednesday. The stock has a 50 day moving average of GBX 5,473.72 and a 200-day moving average of GBX 5,113.62. The firm’s market cap is GBX 97.31 billion. British American Tobacco plc has a 12 month low of GBX 4,237.00 and a 12 month high of GBX 5,643.60.
In other British American Tobacco plc news, insider Ricardo Oberlander sold 6,719 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($70.14), for a total transaction of £360,877.49 ($471,242.48). Also, insider Alan Davy acquired 21 shares of the stock in a transaction on Monday, July 10th. The shares were purchased at an average cost of GBX 5,203 ($67.94) per share, with a total value of £1,092.63 ($1,426.78). Insiders have acquired 84,029 shares of company stock valued at $446,734,832 in the last three months.
About British American Tobacco plc
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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