British American Tobacco Price Target Lowered to GBX 3,840 at Nomura (BATS)
Equities research analysts at Nomura reduced their price objective on shares of British American Tobacco (LON:BATS) from GBX 4,100 ($65.45) to GBX 3,840 ($61.30) in a research note issued to investors on Tuesday, American Banking & Market News reports. The firm currently has a “buy” rating on the stock. Nomura’s target price points to a potential upside of 19.22% from the stock’s previous close.
A number of other firms have also recently commented on BATS. Analysts at Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research note to investors on Friday. They now have a GBX 3,950 ($63.06) price target on the stock. Separately, analysts at Citigroup Inc. upgraded shares of British American Tobacco to a “preferred list” rating in a research note to investors on Thursday, October 10th. Finally, analysts at AlphaValue reiterated an “add” rating on shares of British American Tobacco in a research note to investors on Thursday, October 10th. They now have a GBX 3,668 ($58.56) price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company. British American Tobacco presently has a consensus rating of “Buy” and a consensus target price of GBX 3,777.63 ($60.31).
Shares of British American Tobacco (LON:BATS) traded down 0.34% on Tuesday, hitting GBX 3221.00. The stock had a trading volume of 2,817,704 shares. 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 £61.425 billion.
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.