British American Tobacco plc’s (BATS) “Hold” Rating Reiterated at Investec
Investec reaffirmed their hold rating on shares of British American Tobacco plc (LON:BATS) in a research note published on Wednesday. Investec currently has a GBX 5,500 ($71.82) price target on the stock.
A number of other equities research analysts have also recently commented on BATS. UBS AG set a GBX 5,300 ($69.21) price target on British American Tobacco plc and gave the company a buy rating in a research note on Wednesday, April 19th. Barclays PLC reiterated an equal weight rating and issued a GBX 5,200 ($67.90) price target on shares of British American Tobacco plc in a research note on Friday, March 31st. Credit Suisse Group reiterated an outperform rating and issued a GBX 6,100 ($79.66) price target on shares of British American Tobacco plc in a research note on Thursday, June 29th. Whitman Howard reiterated a hold rating and issued a GBX 5,300 ($69.21) price target on shares of British American Tobacco plc in a research note on Wednesday, June 14th. Finally, Citigroup Inc. reiterated a buy rating on shares of British American Tobacco plc in a research note on Saturday, May 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of GBX 5,591.25 ($73.01).
Shares of British American Tobacco plc (LON:BATS) opened at 5234.00 on Wednesday. The company has a 50-day moving average price of GBX 5,473.72 and a 200 day moving average price of GBX 5,113.62. The company’s market capitalization is GBX 97.31 billion. British American Tobacco plc has a 12-month low of GBX 4,237.00 and a 12-month high of GBX 5,643.60.
In other British American Tobacco plc news, insider Jack Bowles acquired 75,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of GBX 5,296 ($69.16) per share, with a total value of £3,972,000 ($5,186,732.83). Also, insider Alan Davy acquired 21 shares of the company’s stock in a transaction on Monday, July 10th. The stock was acquired at an average cost of GBX 5,203 ($67.94) per share, for a total transaction of £1,092.63 ($1,426.78). Over the last three months, insiders acquired 84,029 shares of company stock worth $446,734,832.
About British American Tobacco plc
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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