British American Tobacco (BTI) Shares Up 6%
British American Tobacco PLC (NYSE:BTI)’s share price shot up 6% on Wednesday . The stock traded as high as $49.40 and last traded at $49.02. 5,269,388 shares were traded during mid-day trading, an increase of 168% from the average session volume of 1,968,214 shares. The stock had previously closed at $46.24.
Several research firms recently weighed in on BTI. Zacks Investment Research raised shares of British American Tobacco from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. Royal Bank of Canada cut shares of British American Tobacco to an “underperform” rating in a research note on Monday, September 3rd. Finally, Jefferies Financial Group downgraded British American Tobacco to a “buy” rating in a report on Friday, August 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $79.00.
The firm has a market cap of $101.29 billion, a PE ratio of 13.32, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41.
About British American Tobacco (NYSE:BTI)
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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