Credit Suisse Group Trims British American Tobacco plc (BATS) Target Price to GBX 5,800
British American Tobacco plc (LON:BATS) had its target price cut by Credit Suisse Group from GBX 6,100 ($80.20) to GBX 5,800 ($76.26) in a report published on Tuesday morning. They currently have an outperform rating on the stock.
A number of other analysts have also commented on BATS. Whitman Howard reiterated a hold rating and set a GBX 5,300 ($69.68) price target on shares of British American Tobacco plc in a report on Wednesday, June 14th. Investec reiterated a hold rating and set a GBX 5,500 ($72.31) price target on shares of British American Tobacco plc in a report on Wednesday, July 12th. UBS AG set a GBX 5,670 ($74.55) price target on British American Tobacco plc and gave the stock a buy rating in a report on Thursday, July 13th. S&P Global set a GBX 5,600 ($73.63) price target on British American Tobacco plc and gave the stock a neutral rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a buy rating and set a GBX 6,500 ($85.46) price target on shares of British American Tobacco plc in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 5,592.94 ($73.53).
British American Tobacco plc (LON BATS) opened at 4840.00 on Tuesday. The firm’s market cap is GBX 89.93 billion. British American Tobacco plc has a 52-week low of GBX 4,237.00 and a 52-week high of GBX 5,643.60. The firm’s 50 day moving average price is GBX 4,759.39 and its 200 day moving average price is GBX 5,148.24.
The company also recently announced a dividend, which was paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th were given a GBX 56.50 ($0.74) dividend. This represents a yield of 1.06%. The ex-dividend date was Thursday, August 17th.
In related news, insider Alan Davy purchased 36 shares of British American Tobacco plc stock in a transaction dated Monday, October 9th. The stock was bought at an average cost of GBX 4,816 ($63.32) per share, for a total transaction of £1,733.76 ($2,279.46). Over the last quarter, insiders bought 45 shares of company stock valued at $216,396.
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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