British American Tobacco p.l.c. (NYSE:BTI) Receives $51.00 Consensus Target Price from Brokerages

Shares of British American Tobacco p.l.c. (NYSE:BTI) have been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $51.00.

BTI has been the topic of several analyst reports. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research report on Tuesday, September 2nd. Argus upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Monday, September 8th. Wall Street Zen downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings restated a “hold (c+)” rating on shares of British American Tobacco in a report on Wednesday, October 8th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $40.00 price objective on shares of British American Tobacco in a research note on Friday, August 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BTI. Capital World Investors increased its position in shares of British American Tobacco by 12,870.7% during the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after purchasing an additional 9,397,693 shares during the last quarter. GQG Partners LLC increased its holdings in British American Tobacco by 59.8% during the first quarter. GQG Partners LLC now owns 9,598,465 shares of the company’s stock worth $397,089,000 after buying an additional 3,590,916 shares during the last quarter. Federated Hermes Inc. raised its position in British American Tobacco by 2,066.9% in the second quarter. Federated Hermes Inc. now owns 3,476,001 shares of the company’s stock worth $164,519,000 after acquiring an additional 3,315,589 shares during the period. Orbis Allan Gray Ltd boosted its stake in British American Tobacco by 20.7% in the second quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after acquiring an additional 2,482,737 shares during the last quarter. Finally, Citigroup Inc. grew its position in shares of British American Tobacco by 833.5% during the 2nd quarter. Citigroup Inc. now owns 2,121,918 shares of the company’s stock valued at $100,430,000 after acquiring an additional 1,894,617 shares during the period. Hedge funds and other institutional investors own 16.16% of the company’s stock.

British American Tobacco Trading Up 1.1%

BTI stock opened at $54.72 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.55 and a debt-to-equity ratio of 0.68. The business has a 50-day simple moving average of $53.15 and a two-hundred day simple moving average of $51.31. British American Tobacco has a 52-week low of $34.82 and a 52-week high of $59.29.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.