British American Tobacco plc (BATS) Receives Average Recommendation of “Buy” from Brokerages
British American Tobacco plc (LON:BATS) has been assigned a consensus rating of “Buy” from the eighteen brokerages that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 5,535.94 ($76.48).
A number of equities research analysts recently weighed in on the stock. Berenberg Bank lifted their price objective on shares of British American Tobacco from GBX 5,500 ($75.99) to GBX 5,575 ($77.02) and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Deutsche Bank reiterated a “buy” rating and issued a GBX 6,000 ($82.90) price target on shares of British American Tobacco in a research report on Tuesday, January 23rd. Citigroup restated a “buy” rating on shares of British American Tobacco in a report on Tuesday, January 16th. Royal Bank of Canada set a GBX 4,800 ($66.32) price target on British American Tobacco and gave the stock a “neutral” rating in a report on Wednesday, December 13th. Finally, Goldman Sachs Group set a GBX 5,500 ($75.99) price target on British American Tobacco and gave the stock a “buy” rating in a report on Monday, December 11th.
Shares of British American Tobacco (LON BATS) traded up GBX 12 ($0.17) on Tuesday, reaching GBX 4,273.50 ($59.04). The company’s stock had a trading volume of 3,291,217 shares, compared to its average volume of 4,070,000. The company has a market cap of $98,020.00 and a price-to-earnings ratio of 336.76. British American Tobacco has a 1 year low of GBX 4,064 ($56.15) and a 1 year high of GBX 5,643.60 ($77.97).
In other British American Tobacco news, insider Richard Burrows bought 4,000 shares of British American Tobacco stock in a transaction dated Thursday, February 22nd. The stock was bought at an average cost of GBX 4,236 ($58.52) per share, with a total value of £169,440 ($234,097.82). Also, insider Ricardo Oberlander sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($69.08), for a total value of £300,000 ($414,479.14).
ILLEGAL ACTIVITY NOTICE: This piece was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another site, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be read at https://www.thecerbatgem.com/2018/03/11/british-american-tobacco-plc-bats-receives-average-recommendation-of-buy-from-brokerages.html.
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).
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.