British American Tobacco PLC (BTI) Receives Consensus Recommendation of “Hold” from Analysts

British American Tobacco PLC (NYSE:BTI) has received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company.

Several research firms have commented on BTI. Morgan Stanley upgraded British American Tobacco PLC from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, November 2nd. Societe Generale lowered British American Tobacco PLC from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Goldman Sachs Group Inc. restated a “buy” rating on shares of British American Tobacco PLC in a research report on Monday, October 24th. Zacks Investment Research lowered British American Tobacco PLC from a “hold” rating to a “sell” rating in a research report on Friday, September 23rd. Finally, Investec upgraded British American Tobacco PLC from a “hold” rating to a “buy” rating in a research report on Thursday, September 8th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC increased its position in shares of British American Tobacco PLC by 33.2% in the second quarter. BlackRock Investment Management LLC now owns 572,329 shares of the company’s stock valued at $74,105,000 after buying an additional 142,698 shares during the last quarter. Todd Asset Management LLC increased its position in British American Tobacco PLC by 1,094.5% in the second quarter. Todd Asset Management LLC now owns 138,306 shares of the company’s stock valued at $17,908,000 after buying an additional 126,727 shares in the last quarter. UBS Group AG increased its position in British American Tobacco PLC by 5.0% in the third quarter. UBS Group AG now owns 2,622,359 shares of the company’s stock valued at $334,745,000 after buying an additional 123,754 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in British American Tobacco PLC during the second quarter valued at approximately $14,385,000. Finally, Jefferies Group LLC purchased a new position in British American Tobacco PLC during the second quarter valued at approximately $12,975,000.

British American Tobacco PLC (NYSE:BTI) opened at 106.09 on Thursday. The company has a 50 day moving average of $118.38 and a 200-day moving average of $122.97. The stock has a market capitalization of $98.56 billion and a price-to-earnings ratio of 18.49. British American Tobacco PLC has a 12-month low of $99.81 and a 12-month high of $131.34.

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.

5 Day Chart for NYSE:BTI

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