Shares of British American Tobacco PLC (NYSE:BTI) dropped 2.2% during mid-day trading on Wednesday . The stock traded as low as $125.31 and last traded at $125.52, with a volume of 130,541 shares trading hands. The stock had previously closed at $128.28.

BTI has been the topic of several analyst reports. Zacks Investment Research cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, June 28th. Goldman Sachs Group Inc. upgraded British American Tobacco PLC from a “sell” rating to a “conviction-buy” rating in a research note on Tuesday, June 28th. Berenberg Bank cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Thursday, July 7th. Credit Agricole SA cut British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a research note on Thursday, July 7th. Finally, Societe Generale cut British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $139.00.

The firm’s 50 day moving average price is $125.94 and its 200-day moving average price is $118.39. The firm has a market cap of $117.28 billion and a P/E ratio of 20.6821.

British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.