British American Tobacco p.l.c. (NYSE:BTI) was upgraded by research analysts at Investec from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other equities analysts have also commented on the company. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Thursday. UBS AG reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Tuesday, August 1st. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. Finally, Bank of America Corporation set a $79.00 price objective on British American Tobacco p.l.c. and gave the stock a “buy” rating in a research note on Thursday, July 6th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $71.00.

Shares of British American Tobacco p.l.c. (NYSE:BTI) traded up 1.04% on Friday, hitting $65.87. The stock had a trading volume of 6,076,368 shares. The company has a market cap of $122.39 billion, a price-to-earnings ratio of 22.36 and a beta of 1.02. The firm has a 50 day moving average price of $68.79 and a 200-day moving average price of $75.53. British American Tobacco p.l.c. has a 52 week low of $52.71 and a 52 week high of $73.41.

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A number of institutional investors have recently bought and sold shares of the company. First Personal Financial Services raised its position in British American Tobacco p.l.c. by 211.5% in the second quarter. First Personal Financial Services now owns 2,925 shares of the company’s stock worth $200,000 after buying an additional 1,986 shares in the last quarter. Ballentine Partners LLC acquired a new position in British American Tobacco p.l.c. during the second quarter worth approximately $228,000. GW Henssler & Associates Ltd. raised its position in British American Tobacco p.l.c. by 4.4% in the second quarter. GW Henssler & Associates Ltd. now owns 53,040 shares of the company’s stock worth $3,635,000 after buying an additional 2,224 shares in the last quarter. Bank of New York Mellon Corp raised its position in British American Tobacco p.l.c. by 8.6% in the second quarter. Bank of New York Mellon Corp now owns 499,255 shares of the company’s stock worth $34,219,000 after buying an additional 39,669 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in British American Tobacco p.l.c. by 17.0% in the second quarter. Proficio Capital Partners LLC now owns 3,710 shares of the company’s stock worth $238,000 after buying an additional 540 shares in the last quarter. 5.55% of the stock is currently owned by institutional investors.

British American Tobacco p.l.c. Company Profile

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).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

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