British American Tobacco PLC (NYSE:BTI)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $124.37, but opened at $124.98. British American Tobacco PLC shares last traded at $126.22, with a volume of 81,981 shares changing hands.

A number of brokerages have issued reports on BTI. Credit Agricole SA lowered British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a research report on Thursday, July 7th. Berenberg Bank lowered British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. Barclays PLC lowered British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Societe Generale lowered British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research lowered British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. British American Tobacco PLC presently has a consensus rating of “Hold” and a consensus target price of $139.00.

The stock has a market cap of $117.05 billion and a price-to-earnings ratio of 20.46. The stock’s 50 day moving average is $126.39 and its 200-day moving average is $119.04.

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.

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