Analysts Set British American Tobacco p.l.c. (NYSE:BTI) Price Target at $51.00

Shares of British American Tobacco p.l.c. (NYSE:BTI) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $51.00.

A number of brokerages recently issued reports on BTI. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of British American Tobacco in a research note on Friday, November 28th. Royal Bank Of Canada cut British American Tobacco from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, September 2nd. Argus raised British American Tobacco from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research note on Monday, September 8th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $40.00 price target on shares of British American Tobacco in a research report on Friday, August 15th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Harbour Investments Inc. raised its holdings in British American Tobacco by 14.3% in the 1st quarter. Harbour Investments Inc. now owns 2,395 shares of the company’s stock worth $99,000 after acquiring an additional 300 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of British American Tobacco by 7.2% in the first quarter. PNC Financial Services Group Inc. now owns 45,662 shares of the company’s stock worth $1,889,000 after purchasing an additional 3,074 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of British American Tobacco by 28.8% in the first quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company’s stock worth $1,074,000 after purchasing an additional 5,745 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of British American Tobacco by 16.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 186,084 shares of the company’s stock valued at $7,698,000 after buying an additional 26,721 shares during the last quarter. Finally, Townsquare Capital LLC boosted its position in shares of British American Tobacco by 33.9% during the first quarter. Townsquare Capital LLC now owns 43,257 shares of the company’s stock valued at $1,790,000 after buying an additional 10,943 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

Shares of British American Tobacco stock opened at $57.45 on Friday. British American Tobacco has a 12 month low of $34.82 and a 12 month high of $59.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.87 and a quick ratio of 0.55. The business has a fifty day simple moving average of $53.75 and a two-hundred day simple moving average of $52.76.

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.