British American Tobacco plc (LON:BATS)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a report released on Thursday. They currently have a GBX 5,220 ($68.14) price objective on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 7.11% from the stock’s current price.
Several other research analysts have also weighed in on the stock. Credit Suisse Group AG upped their target price on shares of British American Tobacco plc from GBX 4,700 ($61.35) to GBX 5,000 ($65.27) and gave the stock an “outperform” rating in a research report on Monday, July 4th. Berenberg Bank upped their target price on shares of British American Tobacco plc from GBX 4,840 ($63.18) to GBX 4,900 ($63.96) and gave the stock a “hold” rating in a research report on Monday, August 1st. BNP Paribas restated a “neutral” rating and set a GBX 5,000 ($65.27) target price on shares of British American Tobacco plc in a research report on Friday, July 8th. Goldman Sachs Group Inc. set a GBX 5,340 ($69.70) target price on shares of British American Tobacco plc and gave the stock a “buy” rating in a research report on Tuesday, July 5th. Finally, Societe Generale lowered shares of British American Tobacco plc to a “hold” rating and upped their target price for the stock from GBX 4,700 ($61.35) to GBX 5,200 ($67.88) in a research report on Friday, August 19th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 4,863.15 ($63.48).
Shares of British American Tobacco plc (LON:BATS) opened at 4870.976 on Thursday. The firm’s market cap is GBX 90.50 billion. British American Tobacco plc has a one year low of GBX 3,536.00 and a one year high of GBX 5,135.00. The stock’s 50 day moving average is GBX 4,825.96 and its 200-day moving average is GBX 4,512.10.
The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Stockholders of record on Thursday, August 18th were paid a GBX 51.30 ($0.67) dividend. This represents a dividend yield of 1.07%. The ex-dividend date was Thursday, August 18th.
In other news, insider Helmes,Marion purchased 900 shares of the stock in a transaction that occurred on Thursday, September 1st. The stock was acquired at an average cost of GBX 4,758 ($62.11) per share, with a total value of £42,822 ($55,896.10). Also, insider Jack Bowles sold 511 shares of the firm’s stock in a transaction on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($63.18), for a total transaction of £24,732.40 ($32,283.51).
About British American Tobacco plc
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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