British American Tobacco Receives “Overweight” Rating from Barclays Capital (BATS)
British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reaffirmed by Barclays Capital in a research note issued on Friday, American Banking and Market News reports. They currently have a GBX 3,950 ($63.37) target price on the stock. Barclays Capital’s price objective indicates a potential upside of 22.10% from the stock’s previous close.
British American Tobacco (LON:BATS) traded down 0.23% during mid-day trading on Friday, hitting GBX 3227.5002. 1,398,018 shares of the company’s stock traded hands. British American Tobacco has a 52 week low of GBX 3060.50 and a 52 week high of GBX 3807.50. The stock has a 50-day moving average of GBX 3365. and a 200-day moving average of GBX 3500.. The company’s market cap is £61.549 billion.
BATS has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. upgraded shares of British American Tobacco to a “preferred list” rating in a research note to investors on Thursday. Separately, analysts at AlphaValue reiterated an “add” rating on shares of British American Tobacco in a research note to investors on Thursday. They now have a GBX 3,668 ($58.85) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of British American Tobacco in a research note to investors on Wednesday. They now have a GBX 3,900 ($62.57) price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 3,790.01 ($60.81).
British American Tobacco p.l.c. (LON:BATS) is a holding company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.