Equities researchers at Deutsche Bank increased their target price on shares of British American Tobacco (LON: BATS) from $49.85 (3300 GBX) to $55.89 (3700 GBX) in a report issued on Friday. The firm currently has a “buy” rating on the stock.

British American Tobacco (LON: BATS) opened at 3468.9998 on Friday. British American Tobacco has a 1-year low of GBX 2986.50 and a 1-year high of GBX 3639.512. The stock’s 50-day moving average is currently GBX 3227.. The company’s market cap is £66.969 billion.

Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura raised their price target on shares of British American Tobacco from $60.20 to $61.74 in a research note to investors on Wednesday, March 13th. They now have a “buy” rating on the stock. Separately, analysts at Investec raised their price target on shares of British American Tobacco from $50.03 to $56.75 in a research note to investors on Wednesday, March 13th. They now have a “buy” rating on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of British American Tobacco in a research note to investors on Wednesday, March 13th. They now have a $53.82 price target on the stock.

British American Tobacco p.l.c. (British American Tobacco) is a holding company. The Company’s four principal brands include Dunhill, Kent, Lucky Strike and Pall Mall.

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