J P Morgan Chase & Co Reaffirms “Overweight” Rating for British American Tobacco PLC (NYSEMKT:BTI)
J P Morgan Chase & Co reaffirmed their overweight rating on shares of British American Tobacco PLC (NYSEMKT:BTI) in a research note released on Thursday, StockTargetPrices.com reports.
A number of other research analysts also recently commented on the stock. BidaskClub downgraded shares of British American Tobacco PLC from a hold rating to a sell rating in a research report on Wednesday, July 5th. Piper Jaffray Companies assumed coverage on shares of British American Tobacco PLC in a research report on Thursday, May 25th. They set an overweight rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $72.00.
British American Tobacco PLC (NYSEMKT BTI) opened at 65.87 on Thursday. The firm’s 50-day moving average is $68.79 and its 200-day moving average is $75.53. The stock has a market cap of $122.39 billion and a P/E ratio of 22.36. British American Tobacco PLC has a 1-year low of $52.71 and a 1-year high of $73.41.
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The firm also recently announced a None dividend, which will be paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th will be given a $0.728 dividend. The ex-dividend date is Wednesday, August 16th.
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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