British American Tobacco p.l.c. (LON:BATS) shares traded down 0.7% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as GBX 4,943.50 ($65.02) and last traded at GBX 4,900 ($64.45). 2,835,951 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 3,060,000 shares. The stock had previously closed at GBX 4,937 ($64.93).

Specifically, insider Naresh Sethi sold 7,035 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of GBX 4,898 ($64.42), for a total value of £344,574.30 ($453,208.34). Also, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($65.12), for a total value of £445,243.43 ($585,615.45). Over the last ninety days, insiders bought 45 shares of company stock valued at $216,612.

BATS has been the subject of several research reports. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 5,610 ($73.79) price target on shares of British American Tobacco p.l.c. in a report on Friday, October 20th. Deutsche Bank AG reissued a “buy” rating and set a GBX 6,000 ($78.92) price target on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. Credit Suisse Group AG dropped their price target on British American Tobacco p.l.c. from GBX 6,100 ($80.23) to GBX 5,800 ($76.29) and set an “outperform” rating for the company in a report on Tuesday, October 10th. Jefferies Group LLC reissued a “buy” rating and set a GBX 6,500 ($85.49) price target on shares of British American Tobacco p.l.c. in a report on Thursday, August 24th. Finally, Goldman Sachs Group, Inc. (The) dropped their price target on British American Tobacco p.l.c. from GBX 5,400 ($71.02) to GBX 5,340 ($70.24) and set a “neutral” rating for the company in a report on Thursday, September 21st. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of GBX 5,686.43 ($74.79).

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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).

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