British American Tobacco Given New GBX 3,420 Price Target at Goldman Sachs Group Inc. (BATS)
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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