British American Tobacco plc Receives “Buy” Rating from Nomura (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “buy” rating reiterated by analysts at Nomura in a research report issued to clients and investors on Tuesday. They currently have a GBX 3,700 ($63.02) target price on the stock. Nomura’s price objective would indicate a potential upside of 6.39% from the stock’s previous close.
Shares of British American Tobacco plc (LON:BATS) traded up 1.32% during mid-day trading on Tuesday, hitting GBX 3524.0002. 1,713,221 shares of the company’s stock traded hands. British American Tobacco plc has a 52-week low of GBX 2871.00 and a 52-week high of GBX 3625.00. The stock’s 50-day moving average is GBX 3530. and its 200-day moving average is GBX 3297.93. The company’s market cap is £66.499 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Monday. They now have a GBX 3,900 ($66.43) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Friday. They now have a GBX 3,850 ($65.58) price target on the stock. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of British American Tobacco plc in a research note on Friday. They now have a GBX 2,600 ($44.29) price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 3,604.90 ($61.40).
British American Tobacco p.l.c. (LON:BATS) is a holding company.
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