British American Tobacco Given Sell Rating at Canaccord Genuity (BATS)
British American Tobacco (LON:BATS)‘s stock had its “sell” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday, Stock Ratings Network reports. They currently have a GBX 3,000 ($48.05) price objective on the stock. Canaccord Genuity’s target price would suggest a potential downside of 10.59% from the stock’s previous close.
British American Tobacco (LON:BATS) opened at 3370.5002 on Monday. British American Tobacco has a 52-week low of GBX 3060.50 and a 52-week high of GBX 3807.50. The stock’s 50-day moving average is GBX 3365. and its 200-day moving average is GBX 3500.. The company’s market cap is £64.276 billion.
A number of other firms have also recently commented on BATS. Analysts at Berenberg Bank reiterated a “buy” rating on shares of British American Tobacco (LON:BATS) in a research note to investors on Friday. They now have a GBX 3,850 ($61.67) price target on the stock. Separately, analysts at Charles Stanley reiterated a “hold” rating on shares of British American Tobacco (LON:BATS) in a research note to investors on Thursday. Finally, analysts at Societe Generale cut their price target on shares of British American Tobacco (LON:BATS) from GBX 3,650 ($58.47) to GBX 3,550 ($56.86) in a research note to investors on Thursday, September 12th. They now have a “hold” rating on the stock.
One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 3,785.60 ($60.64).
British American Tobacco p.l.c. (LON:BATS) is a holding company.
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