British American Tobacco PLC (NYSE:BTI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

A number of other analysts have also weighed in on the stock. Investec upgraded shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Thursday, September 8th. Societe Generale lowered shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a report on Friday, July 29th. Barclays PLC lowered shares of British American Tobacco PLC from an “overweight” rating to an “equal weight” rating in a report on Friday, July 8th. Credit Agricole SA lowered shares of British American Tobacco PLC from an “outperform” rating to an “underperform” rating in a report on Thursday, July 7th. Finally, Berenberg Bank lowered shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a report on Thursday, July 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $139.00.

Analyst Recommendations for British American Tobacco PLC (NYSE:BTI)

Shares of British American Tobacco PLC (NYSE:BTI) traded up 0.61% during trading on Friday, hitting $128.09. The stock had a trading volume of 211,324 shares. British American Tobacco PLC has a 52-week low of $99.81 and a 52-week high of $131.34. The firm has a market cap of $119.00 billion and a PE ratio of 20.90. The stock has a 50 day moving average of $126.36 and a 200 day moving average of $122.65.

A number of institutional investors have recently added to or reduced their stakes in BTI. Northwestern Mutual Wealth Management Co. increased its position in British American Tobacco PLC by 1.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,085 shares of the company’s stock worth $530,000 after buying an additional 68 shares during the last quarter. Bellwether Investment Group LLC bought a new position in British American Tobacco PLC during the second quarter worth about $165,000. Pinkerton Retirement Specialists LLC bought a new position in British American Tobacco PLC during the second quarter worth about $136,000. Fiera Capital Corp increased its position in British American Tobacco PLC by 4.3% in the second quarter. Fiera Capital Corp now owns 52,858 shares of the company’s stock worth $6,845,000 after buying an additional 2,158 shares during the last quarter. Finally, FDx Advisors Inc. increased its position in British American Tobacco PLC by 203.9% in the second quarter. FDx Advisors Inc. now owns 9,447 shares of the company’s stock worth $1,223,000 after buying an additional 6,338 shares during the last quarter.

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.

5 Day Chart for NYSE:BTI

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