British American Tobacco plc (BATS) PT Raised to GBX 5,200 at Credit Suisse Group AG
British American Tobacco plc (LON:BATS) had its price target raised by analysts at Credit Suisse Group AG from GBX 5,050 ($65.92) to GBX 5,200 ($67.88) in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Credit Suisse Group AG’s target price points to a potential upside of 6.93% from the company’s current price.
Several other research firms also recently commented on BATS. Citigroup Inc. reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Wednesday, June 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 4,285 ($55.93) price objective on shares of British American Tobacco plc in a research note on Tuesday, June 14th. JPMorgan Chase & Co. lifted their price objective on shares of British American Tobacco plc from GBX 4,620 ($60.31) to GBX 4,650 ($60.70) and gave the stock an “overweight” rating in a research note on Friday, June 17th. Deutsche Bank AG reiterated a “buy” rating and set a GBX 4,500 ($58.74) price objective on shares of British American Tobacco plc in a research note on Tuesday, June 21st. Finally, BNP Paribas reiterated a “neutral” rating and set a GBX 4,300 ($56.13) price objective on shares of British American Tobacco plc in a research note on Monday, June 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 4,863.15 ($63.48).
Shares of British American Tobacco plc (LON:BATS) opened at 4880.50 on Wednesday. The firm has a 50-day moving average price of GBX 4,810.62 and a 200-day moving average price of GBX 4,447.90. British American Tobacco plc has a 52 week low of GBX 3,499.00 and a 52 week high of GBX 5,135.00. The stock’s market cap is GBX 90.68 billion.
The firm also recently disclosed a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 18th will be paid a dividend of GBX 51.30 ($0.67) per share. The ex-dividend date of this dividend is Thursday, August 18th. This represents a yield of 1.07%.
In other British American Tobacco plc news, insider Helmes,Marion acquired 900 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was bought at an average price of GBX 4,758 ($62.11) per share, with a total value of £42,822 ($55,896.10). Also, insider Jack Bowles sold 511 shares of the company’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($63.18), for a total transaction of £24,732.40 ($32,283.51).
British American Tobacco plc Company Profile
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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