Royal Bank of Canada Reiterates “GBX 4,800” Price Target for British American Tobacco (BATS)
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 company a buy rating in a research note on Tuesday, October 24th. Goldman Sachs Group dropped their price objective on British American Tobacco from GBX 5,400 ($72.68) to GBX 5,340 ($71.87) and set a neutral rating on the stock in a report on Thursday, September 21st. J P Morgan Chase & Co reaffirmed an overweight rating and set a GBX 5,610 ($75.50) price objective on shares of British American Tobacco in a report on Tuesday, November 28th. Credit Suisse Group dropped their price objective 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 report on Tuesday, October 10th. Finally, Berenberg Bank dropped their price objective 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 report on Friday, October 6th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. British American Tobacco has an average rating of Buy and a consensus price target of GBX 5,619 ($75.63).
British American Tobacco (LON:BATS) traded up GBX 42.50 ($0.57) during trading on Wednesday, reaching GBX 4,967 ($66.85). The company’s stock had a trading volume of 6,406,250 shares, compared to its average volume of 3,250,000. British American Tobacco has a one year low of GBX 4,410 ($59.35) and a one year high of GBX 5,643.60 ($75.96).
In related news, insider Naresh Sethi sold 7,035 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of GBX 4,898 ($65.92), for a total value of £344,574.30 ($463,760.83). Also, insider Tadeu Marroco acquired 2,980 shares of British American Tobacco stock in a transaction that occurred on Friday, November 17th. The stock was purchased at an average price of GBX 4,985 ($67.09) per share, with a total value of £148,553 ($199,936.74). In the last three months, insiders have purchased 3,025 shares of company stock worth $15,072,218.
British American Tobacco Company Profile
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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