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Nomura dropped their price objective on shares of British American Tobacco (LON:BATS) from GBX 3,720 ($61.31) to GBX 3,640 ($59.99) in a research note issued on Monday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Nomura’s target price would indicate a potential upside of 18.37% from the stock’s previous close.

BATS has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of British American Tobacco in a research note to investors on Monday, January 13th. They now have a GBX 3,800 ($62.62) price target on the stock. Separately, analysts at Canaccord Genuity reiterated a “sell” rating on shares of British American Tobacco in a research note to investors on Thursday, January 9th. They now have a GBX 3,000 ($49.44) price target on the stock. Finally, analysts at Investec cut their price target on shares of British American Tobacco from GBX 3,550 ($58.50) to GBX 3,450 ($56.86) in a research note to investors on Tuesday, January 7th. They now have a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and sixteen have given a buy rating to the company. British American Tobacco has an average rating of “Buy” and a consensus price target of GBX 3,697.50 ($60.93).

British American Tobacco (LON:BATS) opened at 3075.00 on Monday. British American Tobacco has a 52-week low of GBX 3018.00 and a 52-week high of GBX 3807.50. The stock’s 50-day moving average is GBX 3174.34 and its 200-day moving average is GBX 3322.57. The company’s market cap is £58.641 billion.

British American Tobacco p.l.c. (LON:BATS) is a holding company.

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