British American Tobacco plc (BATS) Trading 1% Higher
British American Tobacco plc (LON:BATS) shares traded up 1% on Friday . The company traded as high as GBX 4,741 ($61.23) and last traded at GBX 4,741 ($61.23). 6,626,507 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 4,803,770 shares. The stock had previously closed at GBX 4,692.50 ($60.60).
A number of research analysts have recently weighed in on the company. Whitman Howard reissued a “hold” rating and issued a GBX 5,300 ($68.45) price target on shares of British American Tobacco plc in a research note on Thursday, July 20th. J P Morgan Chase & Co assumed coverage on British American Tobacco plc in a research note on Thursday, August 3rd. They issued an “overweight” rating and a GBX 5,610 ($72.45) price target on the stock. Citigroup Inc. reissued a “buy” rating and issued a GBX 6,400 ($82.66) price target on shares of British American Tobacco plc in a research note on Friday, July 28th. Investec reissued a “hold” rating and issued a GBX 5,500 ($71.03) price target on shares of British American Tobacco plc in a research note on Wednesday, July 12th. Finally, UBS AG set a GBX 5,670 ($73.23) price target on British American Tobacco plc and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. British American Tobacco plc has an average rating of “Buy” and an average price target of GBX 5,638.24 ($72.82).
The stock’s 50 day moving average is GBX 4,861.89 and its 200-day moving average is GBX 5,205.89. The stock’s market cap is GBX 88.09 billion.
The firm also recently announced a dividend, which will be paid on Thursday, September 28th. Investors of record on Thursday, August 17th will be issued a GBX 56.50 ($0.73) dividend. The ex-dividend date of this dividend is Thursday, August 17th. This represents a dividend yield of 1.06%.
In other British American Tobacco plc news, insider Jack Bowles bought 9,000 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of GBX 5,487 ($70.86) per share, for a total transaction of £493,830 ($637,776.06). Also, insider Alan Davy bought 21 shares of the stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average price of GBX 5,203 ($67.20) per share, for a total transaction of £1,092.63 ($1,411.12). Insiders purchased a total of 9,030 shares of company stock worth $49,536,735 in the last 90 days.
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British American Tobacco plc 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).
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