British American Tobacco PLC (NYSE:BTI) has been assigned a consensus rating of “Buy” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $79.00.

A number of research analysts have recently commented on the company. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco PLC in a report on Thursday, August 3rd. Investec upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating on shares of British American Tobacco PLC in a report on Friday, August 11th. Zacks Investment Research upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a report on Tuesday, August 15th. Finally, BidaskClub lowered British American Tobacco PLC from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Miles Capital Inc. raised its stake in shares of British American Tobacco PLC by 0.4% in the second quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock valued at $337,000 after purchasing an additional 20 shares in the last quarter. National Asset Management Inc. raised its stake in shares of British American Tobacco PLC by 1.2% in the second quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock valued at $246,000 after purchasing an additional 44 shares in the last quarter. Fiera Capital Corp raised its stake in shares of British American Tobacco PLC by 1.8% in the second quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock valued at $225,000 after purchasing an additional 59 shares in the last quarter. Financial Counselors Inc. raised its stake in shares of British American Tobacco PLC by 2.5% in the second quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock valued at $369,000 after purchasing an additional 131 shares in the last quarter. Finally, FTB Advisors Inc. raised its stake in shares of British American Tobacco PLC by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock valued at $117,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 5.39% of the company’s stock.

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Shares of British American Tobacco PLC (NYSE:BTI) traded down $0.29 during trading on Thursday, reaching $64.71. The company’s stock had a trading volume of 860,400 shares, compared to its average volume of 3,738,016. British American Tobacco PLC has a 52-week low of $52.84 and a 52-week high of $73.41. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48.

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).

Analyst Recommendations for British American Tobacco PLC (NYSE:BTI)

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