British American Tobacco PLC (NYSEMKT:BTI) Rating Increased to Buy at Investec
Investec upgraded shares of British American Tobacco PLC (NYSEMKT:BTI) from a hold rating to a buy rating in a report published on Friday, StockTargetPrices.com reports.
A number of other brokerages also recently weighed in on BTI. BidaskClub downgraded shares of British American Tobacco PLC from a buy rating to a hold rating in a research report on Friday, June 23rd. J P Morgan Chase & Co reiterated an overweight rating on shares of British American Tobacco PLC in a research report on Thursday, August 3rd. Finally, Piper Jaffray Companies initiated coverage on shares of British American Tobacco PLC in a research report on Thursday, May 25th. They issued an overweight rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $72.00.
Shares of British American Tobacco PLC (NYSEMKT BTI) opened at 65.39 on Friday. British American Tobacco PLC has a 52 week low of $52.71 and a 52 week high of $73.41. The stock has a market cap of $121.49 billion and a price-to-earnings ratio of 22.20. The firm has a 50-day moving average price of $68.79 and a 200-day moving average price of $75.53.
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The company also recently disclosed 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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