British American Tobacco (NYSE:BTI) Shares Gap Up to $38.96
British American Tobacco PLC (NYSE:BTI)’s share price gapped up before the market opened on Friday . The stock had previously closed at $40.14, but opened at $38.96. British American Tobacco shares last traded at $38.60, with a volume of 36,059 shares.
Several equities analysts have weighed in on the company. Morgan Stanley assumed coverage on in a research report on Monday, June 17th. They set an “equal weight” rating and a GBX 215 ($2.81) price target for the company. Citigroup downgraded OIL SEARCH LTD/ADR from a “neutral” rating to a “sell” rating in a research report on Thursday, March 28th. Piper Jaffray Companies set a $8.00 price target on Diamond Offshore Drilling and gave the stock a “hold” rating in a research report on Thursday, July 11th. Finally, Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $53.00.
The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77. The stock has a 50-day simple moving average of $36.42. The company has a market capitalization of $77.67 billion, a P/E ratio of 9.70, a PEG ratio of 1.28 and a beta of 0.86.
About British American Tobacco (NYSE:BTI)
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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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