Jefferies Financial Group Reaffirms “Buy” Rating for British American Tobacco (LON:BATS)

Jefferies Financial Group restated their buy rating on shares of British American Tobacco (LON:BATS) in a report released on Monday, Marketbeat reports. They currently have a GBX 3,300 ($40.76) price target on the stock.

British American Tobacco Trading Down 0.6 %

Shares of British American Tobacco stock opened at GBX 2,346 ($28.98) on Monday. The stock has a market cap of £52.32 billion, a P/E ratio of -362.60, a P/E/G ratio of 3.12 and a beta of 0.25. The stock’s 50 day simple moving average is GBX 2,351.56 and its 200-day simple moving average is GBX 2,390.33. British American Tobacco has a 1-year low of GBX 2,233 ($27.58) and a 1-year high of GBX 3,022.20 ($37.33). The company has a debt-to-equity ratio of 75.41, a current ratio of 0.90 and a quick ratio of 0.47.

British American Tobacco Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, September 26th will be issued a GBX 58.88 ($0.73) dividend. The ex-dividend date is Thursday, September 26th. This is a boost from British American Tobacco’s previous dividend of $57.72. This represents a yield of 2.54%. British American Tobacco’s dividend payout ratio is currently -3,647.60%.

Insider Activity at British American Tobacco

In other British American Tobacco news, insider Karen Guerra acquired 4,150 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average cost of GBX 2,380 ($29.40) per share, for a total transaction of £98,770 ($121,998.52). Over the last three months, insiders have acquired 4,170 shares of company stock worth $9,923,952. Insiders own 10.49% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.