British American Tobacco plc (BATS) Rating Reiterated by JPMorgan Chase & Co.
British American Tobacco plc (LON:BATS)‘s stock had its “overweight” rating restated by research analysts at JPMorgan Chase & Co. in a research note issued on Thursday. They currently have a GBX 5,220 ($68.14) price target on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 6.95% from the company’s previous close.
A number of other research analysts have also commented on the company. Jefferies Group upped their price target on British American Tobacco plc from GBX 4,800 ($62.66) to GBX 5,800 ($75.71) and gave the company a “buy” rating in a research report on Wednesday, September 21st. Credit Suisse Group AG increased their target price on British American Tobacco plc from GBX 5,050 ($65.92) to GBX 5,200 ($67.88) and gave the stock an “outperform” rating in a research report on Wednesday, September 21st. Barclays PLC reissued an “equal weight” rating and issued a GBX 4,975 ($64.94) target price on shares of British American Tobacco plc in a research report on Wednesday, September 14th. Goldman Sachs Group Inc. reissued a “conviction-buy” rating and issued a GBX 5,300 ($69.18) target price on shares of British American Tobacco plc in a research report on Tuesday, September 13th. Finally, Royal Bank Of Canada reissued an “underperform” rating and issued a GBX 4,000 ($52.21) target price on shares of British American Tobacco plc in a research report on Friday, September 9th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 4,863.15 ($63.48).
Shares of British American Tobacco plc (LON:BATS) opened at 4881.00 on Thursday. The company’s 50-day moving average price is GBX 4,831.36 and its 200-day moving average price is GBX 4,504.94. The company’s market capitalization is GBX 90.69 billion. British American Tobacco plc has a one year low of GBX 3,536.00 and a one year high of GBX 5,135.00.
The business also recently announced a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 18th were issued a GBX 51.30 ($0.67) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.07%.
In other British American Tobacco plc news, insider Helmes,Marion purchased 900 shares of the firm’s stock in a transaction on Thursday, September 1st. The shares were acquired at an average cost 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 firm’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 value of £24,732.40 ($32,283.51).
About British American Tobacco plc
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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