British American Tobacco p.l.c. (NYSE:BTI) – Analysts at Jefferies Group lifted their FY2017 earnings per share (EPS) estimates for shares of British American Tobacco p.l.c. in a research report issued to clients and investors on Thursday. Jefferies Group analyst O. Bennett now anticipates that the company will post earnings of $3.71 per share for the year, up from their prior forecast of $3.69. Jefferies Group also issued estimates for British American Tobacco p.l.c.’s FY2019 earnings at $4.60 EPS and FY2020 earnings at $4.83 EPS.

BTI has been the subject of a number of other reports. Zacks Investment Research downgraded shares of British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, June 16th. Bank of America Corporation set a $79.00 price target on shares of British American Tobacco p.l.c. and gave the company a “buy” rating in a report on Thursday, July 6th. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Investec raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Finally, Piper Jaffray Companies started coverage on shares of British American Tobacco p.l.c. in a report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price target for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. British American Tobacco p.l.c. currently has an average rating of “Buy” and a consensus price target of $69.33.

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British American Tobacco p.l.c. (NYSE:BTI) opened at 61.80 on Friday. The firm has a 50 day moving average of $65.56 and a 200-day moving average of $69.51. British American Tobacco p.l.c. has a 12 month low of $60.15 and a 12 month high of $130.40. The firm has a market cap of $114.82 billion, a P/E ratio of 20.91 and a beta of 1.02.

The company also recently disclosed a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be paid a dividend of $0.728 per share. This represents a yield of 2.28%. The ex-dividend date is Wednesday, August 16th.

Hedge funds have recently bought and sold shares of the stock. FTB Advisors Inc. raised its stake in British American Tobacco p.l.c. by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Grove Bank & Trust raised its stake in British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares in the last quarter. Parallel Advisors LLC raised its stake in British American Tobacco p.l.c. by 439.0% in the second quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares in the last quarter. Quantbot Technologies LP purchased a new stake in British American Tobacco p.l.c. during the second quarter worth approximately $170,000. Finally, Huntington National Bank raised its stake in British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares in the last quarter. 4.46% of the stock is owned by institutional investors.

About British American Tobacco p.l.c.

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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