British American Tobacco PLC (NYSE:BTI) shares gapped up before the market opened on Monday . The stock had previously closed at $127.22, but opened at $127.55. British American Tobacco PLC shares last traded at $128.62, with a volume of 158,035 shares traded.

BTI has been the topic of a number of recent research reports. Goldman Sachs Group Inc. raised shares of British American Tobacco PLC from a “sell” rating to a “conviction-buy” rating in a research report on Tuesday, June 28th. Barclays PLC cut shares of British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a research report on Friday, July 8th. Zacks Investment Research raised shares of British American Tobacco PLC from a “hold” rating to a “buy” rating and set a $139.00 target price on the stock in a research report on Wednesday, June 22nd. Societe Generale cut shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Finally, Berenberg Bank cut shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Thursday, July 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the stock. British American Tobacco PLC presently has a consensus rating of “Hold” and an average target price of $139.00.

The company has a market cap of $119.55 billion and a PE ratio of 21.44. The stock’s 50 day moving average is $127.15 and its 200-day moving average is $120.26.

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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