J P Morgan Chase & Co began coverage on shares of British American Tobacco plc (LON:BATS) in a research report released on Thursday. The brokerage issued an overweight rating and a GBX 5,610 ($74.00) price target on the stock.

Several other brokerages have also issued reports on BATS. BNP Paribas set a GBX 6,000 ($79.15) target price on shares of British American Tobacco plc and gave the stock a buy rating in a research report on Thursday, April 6th. UBS AG set a GBX 5,670 ($74.79) target price on shares of British American Tobacco plc and gave the stock a buy rating in a research report on Thursday, July 13th. Berenberg Bank reiterated a buy rating and issued a GBX 5,670 ($74.79) target price on shares of British American Tobacco plc in a research report on Tuesday, May 23rd. Citigroup Inc. reiterated a buy rating on shares of British American Tobacco plc in a research report on Saturday, May 20th. Finally, Jefferies Group LLC upped their target price on shares of British American Tobacco plc from GBX 5,800 ($76.51) to GBX 6,600 ($87.06) and gave the stock a buy rating in a research report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of GBX 5,638.24 ($74.37).

Shares of British American Tobacco plc (LON:BATS) opened at 5057.00 on Thursday. The company’s 50 day moving average price is GBX 5,296.14 and its 200 day moving average price is GBX 5,223.71. British American Tobacco plc has a 12-month low of GBX 4,237.00 and a 12-month high of GBX 5,643.60. The firm’s market cap is GBX 93.96 billion.

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The firm also recently declared a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be given a dividend of GBX 56.50 ($0.75) per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a yield of 1.06%.

In other news, insider Ricardo Oberlander sold 6,719 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of GBX 5,371 ($70.85), for a total transaction of £360,877.49 ($476,028.87). Also, insider Jack Bowles acquired 75,000 shares of the stock in a transaction dated Wednesday, May 10th. The shares were purchased at an average cost of GBX 5,296 ($69.86) per share, with a total value of £3,972,000 ($5,239,414.33). Over the last 90 days, insiders have acquired 84,026 shares of company stock valued at $446,719,049.

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).

Analyst Recommendations for British American Tobacco plc (LON:BATS)

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