Sanford C. Bernstein initiated coverage on shares of British American Tobacco (NYSE:BTI) in a report published on Tuesday, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.

Several other equities research analysts also recently weighed in on BTI. Jefferies Financial Group downgraded shares of British American Tobacco to a buy rating in a research report on Friday, August 24th. Royal Bank of Canada downgraded shares of British American Tobacco to an underperform rating in a research report on Monday, September 3rd. Finally, Zacks Investment Research raised shares of British American Tobacco from a sell rating to a hold rating in a research report on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $73.00.

Shares of BTI opened at $43.30 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.41 and a debt-to-equity ratio of 0.69. British American Tobacco has a twelve month low of $41.69 and a twelve month high of $71.44.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its holdings in British American Tobacco by 2.9% in the second quarter. Sterling Capital Management LLC now owns 33,253 shares of the company’s stock worth $1,678,000 after purchasing an additional 948 shares during the last quarter. Assetmark Inc. boosted its holdings in British American Tobacco by 44.6% in the second quarter. Assetmark Inc. now owns 3,121 shares of the company’s stock worth $157,000 after purchasing an additional 962 shares during the last quarter. OmniStar Financial Group Inc. boosted its holdings in British American Tobacco by 13.4% in the second quarter. OmniStar Financial Group Inc. now owns 8,529 shares of the company’s stock worth $430,000 after purchasing an additional 1,005 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in British American Tobacco by 25.8% in the second quarter. Wedbush Securities Inc. now owns 4,976 shares of the company’s stock worth $251,000 after purchasing an additional 1,021 shares during the last quarter. Finally, Sigma Planning Corp boosted its holdings in British American Tobacco by 18.5% in the second quarter. Sigma Planning Corp now owns 6,957 shares of the company’s stock worth $351,000 after purchasing an additional 1,088 shares during the last quarter. 7.68% of the stock is owned by institutional investors.

About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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