JPMorgan Chase & Co. Reiterates Overweight Rating for British American Tobacco (BATS)
British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued to investors on Thursday, StockRatingsNetwork reports. They currently have a GBX 4,549 ($73.39) price target on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 43.14% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of British American Tobacco (LON:BATS) in a research note to investors on Wednesday. They now have a GBX 3,000 ($48.40) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of British American Tobacco (LON:BATS) in a research note to investors on Wednesday. They now have a GBX 3,850 ($62.12) price target on the stock. Finally, analysts at AlphaValue reiterated an “add” rating on shares of British American Tobacco (LON:BATS) in a research note to investors on Thursday, September 26th. They now have a GBX 3,746 ($60.44) price target on the stock. One equities 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 company. British American Tobacco presently has an average rating of “Buy” and a consensus target price of GBX 3,786.58 ($61.09).
Shares of British American Tobacco (LON:BATS) traded up 0.38% on Thursday, hitting GBX 3190.00. The stock had a trading volume of 2,559,968 shares. British American Tobacco has a 1-year low of GBX 3060.50 and a 1-year 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 £60.834 billion.
British American Tobacco p.l.c. (LON:BATS) is a holding company.
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