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Equities research analysts at Goldman Sachs Group Inc. cut their price target on shares of British American Tobacco (LON:BATS) from GBX 4,120 ($67.89) to GBX 3,420 ($56.35) in a research note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group Inc.’s target price indicates a potential upside of 17.28% from the stock’s previous close.

BATS has been the subject of a number of other recent research reports. Analysts at Avior Research reiterated a “neutral” rating on shares of British American Tobacco in a research note to investors on Monday, January 20th. They now have a GBX 3,463.72 ($57.07) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of British American Tobacco in a research note to investors on Friday, January 17th. They now have a GBX 3,850 ($63.44) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of British American Tobacco in a research note to investors on Thursday, January 16th. They now have a GBX 3,600 ($59.32) price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of GBX 3,653.15 ($60.19).

Shares of British American Tobacco (LON:BATS) traded up 0.92% during mid-day trading on Friday, hitting GBX 2916.00. The stock had a trading volume of 4,703,287 shares. British American Tobacco has a 52-week low of GBX 2871.00 and a 52-week high of GBX 3807.50. The stock has a 50-day moving average of GBX 3129. and a 200-day moving average of GBX 3292.12. The company’s market cap is £55.609 billion.

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

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