British American Tobacco plc (BATS) Stock Rating Reaffirmed by Credit Suisse Group AG
British American Tobacco plc (LON:BATS)‘s stock had its “outperform” rating restated by Credit Suisse Group AG in a report issued on Friday. They currently have a GBX 5,200 ($64.36) price objective on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 7.03% from the stock’s previous close.
A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 5,220 ($64.60) price objective on shares of British American Tobacco plc in a research note on Thursday, October 6th. Jefferies Group lifted their price objective on British American Tobacco plc from GBX 4,800 ($59.41) to GBX 5,800 ($71.78) and gave the company a “buy” rating in a research note on Wednesday, September 21st. Barclays PLC reiterated an “equal weight” rating and set a GBX 4,975 ($61.57) price objective on shares of British American Tobacco plc in a research note on Wednesday, September 14th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 5,300 ($65.59) price objective on shares of British American Tobacco plc in a research note on Tuesday, September 13th. Finally, Royal Bank Of Canada restated an “underperform” rating and issued a GBX 4,000 ($49.50) price target on shares of British American Tobacco plc in a research note on Friday, September 9th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 4,863.15 ($60.19).
British American Tobacco plc (LON:BATS) opened at 4871.7559 on Friday. The company’s 50-day moving average price is GBX 4,825.35 and its 200-day moving average price is GBX 4,525.34. The company’s market capitalization is GBX 90.52 billion. British American Tobacco plc has a 52 week low of GBX 3,536.00 and a 52 week high of GBX 5,135.00.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 18th were issued a GBX 51.30 ($0.63) dividend. This represents a yield of 1.07%. The ex-dividend date was Thursday, August 18th.
In other news, insider Helmes,Marion bought 3,600 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were bought at an average price of GBX 4,809 ($59.52) per share, with a total value of £173,124 ($214,262.38). Also, insider Jack Bowles sold 511 shares of the business’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($59.90), for a total value of £24,732.40 ($30,609.41).
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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