British American Tobacco plc (LON:BATS) Earns Outperform Rating from Credit Suisse Group
British American Tobacco plc (LON:BATS)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group in a research note issued to investors on Friday, July 28th. They presently have a GBX 6,100 ($79.44) price target on the stock. Credit Suisse Group’s target price suggests a potential upside of 20.67% from the company’s current price.
BATS has been the topic of several other reports. Berenberg Bank reissued a “buy” rating and set a GBX 5,670 ($73.84) price target on shares of British American Tobacco plc in a research report on Tuesday, May 23rd. Whitman Howard reissued a “hold” rating and set a GBX 5,300 ($69.02) price target on shares of British American Tobacco plc in a research report on Wednesday, June 14th. Citigroup Inc. reissued a “buy” rating on shares of British American Tobacco plc in a research report on Saturday, May 20th. UBS AG set a GBX 5,670 ($73.84) price target on British American Tobacco plc and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, S&P Global set a GBX 5,600 ($72.93) price target on British American Tobacco plc and gave the company a “neutral” rating in a research report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of GBX 5,638.24 ($73.42).
British American Tobacco plc (LON:BATS) opened at 5026.00 on Friday. The stock’s market capitalization is GBX 93.38 billion. The stock’s 50 day moving average is GBX 5,257.62 and its 200-day moving average is GBX 5,231.79. British American Tobacco plc has a 12 month low of GBX 4,237.00 and a 12 month high of GBX 5,643.60.
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In other British American Tobacco plc news, insider Alan Davy purchased 21 shares of the firm’s stock in a transaction dated Monday, July 10th. The stock was bought at an average price of GBX 5,203 ($67.76) per share, with a total value of £1,092.63 ($1,422.88). Also, insider Jack Bowles purchased 75,000 shares of the firm’s stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average cost of GBX 5,296 ($68.97) per share, with a total value of £3,972,000 ($5,172,548.51). In the last three months, insiders bought 84,029 shares of company stock valued at $446,733,494.
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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