British American Tobacco plc Given New GBX 2,925 Price Target at Canaccord Genuity (BATS)
Analysts at Canaccord Genuity increased their price target on shares of British American Tobacco plc (LON:BATS) from GBX 2,900 ($49.24) to GBX 2,925 ($49.67) in a research report issued to clients and investors on Wednesday. The firm currently has a “sell” rating on the stock. Canaccord Genuity’s price objective suggests a potential downside of 16.99% from the company’s current price.
British American Tobacco plc (LON:BATS) traded down 1.23% on Wednesday, hitting GBX 3523.50. The stock had a trading volume of 3,180,690 shares. British American Tobacco plc has a 52-week low of GBX 2871.00 and a 52-week high of GBX 3625.00. The stock has a 50-day moving average of GBX 3540. and a 200-day moving average of GBX 3352.12. The company’s market cap is £66.489 billion.
The company also recently announced a dividend, which is scheduled for Tuesday, September 30th. Investors of record on Wednesday, August 20th will be paid a dividend of GBX 47.50 ($0.81) per share. This represents a dividend yield of 1.34%. The ex-dividend date is Wednesday, August 20th.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale reiterated a “hold” rating on shares of British American Tobacco plc in a research note on Monday. They now have a GBX 3,500 ($59.43) price target on the stock. Separately, 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 ($66.23) price target on the stock. Finally, analysts at Nomura reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Monday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 3,594.42 ($61.04).
British American Tobacco p.l.c. (LON:BATS) is a holding company.
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