British American Tobacco (BATS) Given a GBX 5,500 Price Target at Goldman Sachs Group
A number of other research firms have also recently weighed in on BATS. UBS set a GBX 5,670 ($76.31) price target on British American Tobacco and gave the stock a buy rating in a report on Tuesday, October 24th. J P Morgan Chase & Co reissued an overweight rating and set a GBX 5,610 ($75.50) target price on shares of British American Tobacco in a research note on Tuesday, November 28th. Credit Suisse Group decreased their target price on British American Tobacco from GBX 6,100 ($82.10) to GBX 5,800 ($78.06) and set an outperform rating on the stock in a research note on Tuesday, October 10th. Berenberg Bank decreased their target price on British American Tobacco from GBX 5,670 ($76.31) to GBX 5,500 ($74.02) and set a buy rating on the stock in a research note on Friday, October 6th. Finally, Citigroup reissued a buy rating and set a GBX 5,800 ($78.06) target price on shares of British American Tobacco in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of GBX 5,677.50 ($76.41).
Shares of British American Tobacco (LON BATS) traded up GBX 27 ($0.36) during trading hours on Monday, reaching GBX 5,029 ($67.69). The company’s stock had a trading volume of 1,020,705 shares, compared to its average volume of 3,320,000. British American Tobacco has a 12 month low of GBX 4,345.50 ($58.49) and a 12 month high of GBX 5,643.60 ($75.96).
In other British American Tobacco news, insider Tadeu Marroco bought 2,980 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average price of GBX 4,985 ($67.09) per share, with a total value of £148,553 ($199,936.74). Also, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of GBX 4,951 ($66.64), for a total value of £445,243.43 ($599,250.92). Insiders acquired a total of 3,025 shares of company stock worth $15,072,218 in the last ninety days.
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About British American Tobacco
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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