British American Tobacco plc Stock Rating Reaffirmed by Berenberg Bank (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Friday. They currently have a GBX 3,850 ($64.78) target price on the stock. Berenberg Bank’s target price would indicate a potential upside of 12.64% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Wednesday. They now have a GBX 3,800 ($63.94) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Thursday, July 31st. Finally, analysts at Goldman Sachs reiterated a “neutral” rating on shares of British American Tobacco plc in a research note on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twelve have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of GBX 3,595.64 ($60.50).
Shares of British American Tobacco plc (LON:BATS) traded up 0.04% during mid-day trading on Friday, hitting GBX 3418.00. 2,463,317 shares of the company’s stock traded hands. British American Tobacco plc has a one year low of GBX 2871.00 and a one year high of GBX 3625.00. The stock’s 50-day moving average is GBX 3521. and its 200-day moving average is GBX 3366.10. The company’s market cap is £63.719 billion.
The company also recently declared a dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, August 20th will be given a dividend of GBX 47.50 ($0.80) 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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