British American Tobacco plc Receives “Buy” Rating from Berenberg Bank (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “buy” rating reiterated by equities researchers at Berenberg Bank in a research report issued on Wednesday. They currently have a GBX 3,850 ($65.38) price target on the stock. Berenberg Bank’s price objective would suggest a potential upside of 9.27% from the company’s current price.
A number of other analysts have also recently weighed in on BATS. Analysts at Canaccord Genuity raised their price target on shares of British American Tobacco plc from GBX 2,900 ($49.24) to GBX 2,925 ($49.67) in a research note on Wednesday. They now have a “sell” rating on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,594.42 ($61.04).
Shares of British American Tobacco plc (LON:BATS) traded down 1.23% on Wednesday, hitting GBX 3523.50. 3,180,690 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 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 declared a dividend, which is scheduled for Tuesday, September 30th. Stockholders of record on Wednesday, August 20th will be given a dividend of GBX 47.50 ($0.81) per share. This represents a yield of 1.34%. The ex-dividend date of this dividend is Wednesday, August 20th.
British American Tobacco p.l.c. (LON:BATS) is a holding company.
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