British American Tobacco plc (LON:BATS) received a GBX 5,150 ($62.77) price target from research analysts at Berenberg Bank in a report released on Friday. The brokerage currently has a a “neutral” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 6.90% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. S&P Global Inc. set a GBX 4,800 ($58.50) price target on British American Tobacco plc and gave the company a “neutral” rating in a research note on Thursday, July 28th. Beaufort Securities restated a “buy” rating on shares of British American Tobacco plc in a research note on Friday, July 29th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 5,220 ($63.62) price target on shares of British American Tobacco plc in a research note on Wednesday, August 24th. Societe Generale set a GBX 5,200 ($63.38) price target on British American Tobacco plc and gave the company a “neutral” rating in a research note on Friday, July 29th. Finally, Investec upgraded British American Tobacco plc to a “buy” rating and increased their price target for the company from GBX 4,000 ($48.75) to GBX 5,200 ($63.38) in a research note on Thursday, September 8th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. British American Tobacco plc currently has an average rating of “Hold” and an average price target of GBX 4,903.15 ($59.76).
Shares of British American Tobacco plc (LON:BATS) opened at 4817.50 on Friday. The stock has a 50 day moving average of GBX 4,829.31 and a 200 day moving average of GBX 4,551.36. The firm’s market cap is GBX 89.51 billion. British American Tobacco plc has a 52 week low of GBX 3,536.00 and a 52 week high of GBX 5,135.00.
The company also recently declared a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 18th were paid a dividend of GBX 51.30 ($0.63) per share. This represents a dividend yield of 1.07%. The ex-dividend date of this dividend was Thursday, August 18th.
In related news, insider Jack Bowles sold 511 shares of British American Tobacco plc stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of GBX 4,840 ($58.99), for a total value of £24,732.40 ($30,143.08). Also, insider Helmes,Marion acquired 3,600 shares of the business’s stock in a transaction that occurred on Friday, September 2nd. The stock was bought at an average cost of GBX 4,809 ($58.61) per share, for a total transaction of £173,124 ($210,998.17).
British American Tobacco plc Company Profile
British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.
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