British American Tobacco PLC Cut to “Neutral” at BNP Paribas (BTI)
British American Tobacco PLC (NYSE:BTI) was downgraded by BNP Paribas to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.
Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of British American Tobacco PLC in a research note on Monday, June 30th. They now have a $133.00 price target on the stock, up previously from $116.00. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $133.00.
Shares of British American Tobacco PLC (NYSE:BTI) opened at 117.90 on Thursday. British American Tobacco PLC has a 1-year low of $94.19 and a 1-year high of $123.36. The stock’s 50-day moving average is $118.0 and its 200-day moving average is $115.6. The company has a market cap of $109.9 billion and a price-to-earnings ratio of 18.55.
The company also recently declared a semiannual dividend, which is scheduled for Friday, October 3rd. Stockholders of record on Friday, August 22nd will be given a dividend of $1.6041 per share. This represents a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 20th.
British American Tobacco p.l.c. (NYSE:BTI) is a holding company.
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