British American Tobacco plc (BATS) Earns “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of British American Tobacco plc (LON:BATS) in a research report released on Thursday. They currently have a GBX 6,000 ($79.59) target price on the stock.
Other equities analysts also recently issued research reports about the stock. Whitman Howard reissued a hold rating and issued a GBX 5,300 ($70.30) price objective on shares of British American Tobacco plc in a research note on Thursday, July 20th. J P Morgan Chase & Co assumed coverage on shares of British American Tobacco plc in a research note on Thursday, August 3rd. They issued an overweight rating and a GBX 5,610 ($74.41) price objective for the company. Citigroup Inc. reissued a buy rating and issued a GBX 6,400 ($84.89) price objective on shares of British American Tobacco plc in a research note on Friday, July 28th. Investec reissued a hold rating and issued a GBX 5,500 ($72.95) price objective on shares of British American Tobacco plc in a research note on Wednesday, July 12th. Finally, UBS AG set a GBX 5,670 ($75.21) price objective on shares of British American Tobacco plc and gave the company a buy rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. British American Tobacco plc presently has a consensus rating of Buy and a consensus target price of GBX 5,601.18 ($74.30).
British American Tobacco plc (LON BATS) opened at 4781.50 on Thursday. British American Tobacco plc has a 52-week low of GBX 2,879.89 and a 52-week high of GBX 5,643.60. The company’s market cap is GBX 88.84 billion. The company has a 50-day moving average of GBX 4,749.34 and a 200 day moving average of GBX 5,157.70.
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The company also recently announced a dividend, which was paid on Thursday, September 28th. Investors of record on Thursday, August 17th were paid a dividend of GBX 56.50 ($0.75) per share. This represents a yield of 1.06%. The ex-dividend date was Thursday, August 17th.
In other news, insider Alan Davy bought 21 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average price of GBX 5,203 ($69.01) per share, with a total value of £1,092.63 ($1,449.30). Insiders have purchased 27 shares of company stock valued at $138,123 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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