British American Tobacco p.l.c. (NYSE:BTI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Other analysts have also issued research reports about the company. UBS AG reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. Bank of America Corporation set a $79.00 price objective on British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. Finally, Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $69.00.

Shares of British American Tobacco p.l.c. (NYSE:BTI) opened at 63.99 on Friday. The firm has a 50-day moving average price of $63.01 and a 200-day moving average price of $66.83. British American Tobacco p.l.c. has a 1-year low of $52.71 and a 1-year high of $73.41. The company has a market capitalization of $118.89 billion, a PE ratio of 21.79 and a beta of 1.05.

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A number of institutional investors have recently bought and sold shares of the business. FMR LLC lifted its stake in shares of British American Tobacco p.l.c. by 14.7% during the second quarter. FMR LLC now owns 27,727,365 shares of the company’s stock valued at $1,900,434,000 after acquiring an additional 3,557,549 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of British American Tobacco p.l.c. by 16.3% during the second quarter. Goldman Sachs Group Inc. now owns 15,532,398 shares of the company’s stock valued at $1,064,590,000 after acquiring an additional 2,181,462 shares during the period. Balyasny Asset Management LLC lifted its stake in shares of British American Tobacco p.l.c. by 817.0% during the second quarter. Balyasny Asset Management LLC now owns 2,330,151 shares of the company’s stock valued at $159,709,000 after acquiring an additional 2,076,034 shares during the period. Northern Trust Corp lifted its stake in shares of British American Tobacco p.l.c. by 0.3% during the second quarter. Northern Trust Corp now owns 2,089,238 shares of the company’s stock valued at $143,197,000 after acquiring an additional 7,233 shares during the period. Finally, Schafer Cullen Capital Management Inc. lifted its stake in shares of British American Tobacco p.l.c. by 1.0% during the second quarter. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company’s stock valued at $87,633,000 after acquiring an additional 12,365 shares during the period. 4.65% of the stock is currently 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).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

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