British American Tobacco (LON:BATS) Shares Pass Above 200 Day Moving Average – Time to Sell?

British American Tobacco p.l.c. (LON:BATS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,787.04 and traded as high as GBX 4,253. British American Tobacco shares last traded at GBX 4,147, with a volume of 3,052,265 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on BATS shares. Jefferies Financial Group boosted their price objective on British American Tobacco from GBX 4,800 to GBX 5,200 and gave the company a “buy” rating in a research report on Tuesday, August 5th. Royal Bank Of Canada lowered shares of British American Tobacco to an “underperform” rating and upped their price target for the company from GBX 3,000 to GBX 3,400 in a report on Tuesday, September 2nd. Citigroup reissued a “buy” rating on shares of British American Tobacco in a report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of British American Tobacco from GBX 4,200 to GBX 4,400 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of British American Tobacco from GBX 2,800 to GBX 3,300 and gave the stock a “neutral” rating in a report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of GBX 4,040.

British American Tobacco Trading Down 1.8%

The company has a debt-to-equity ratio of 74.63, a quick ratio of 0.47 and a current ratio of 0.88. The firm has a market capitalization of £88.69 billion, a PE ratio of 29.25, a P/E/G ratio of 3.12 and a beta of 0.27. The stock’s 50-day simple moving average is GBX 3,971.74 and its 200-day simple moving average is GBX 3,787.04.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio.