RBC Capital Reaffirms “Underperform” Rating for British American Tobacco plc (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “underperform” rating reaffirmed by analysts at RBC Capital in a research report issued to clients and investors on Thursday. They currently have a GBX 2,600 ($43.15) price target on the stock. RBC Capital’s price objective indicates a potential downside of 27.14% from the stock’s previous close.
BATS has been the subject of a number of other recent research reports. Analysts at Canaccord Genuity reiterated a “sell” rating on shares of British American Tobacco plc in a research note on Wednesday. They now have a GBX 2,925 ($48.54) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of British American Tobacco plc in a research note on Friday, August 8th. They now have a GBX 3,850 ($63.89) price target on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the stock. British American Tobacco plc presently has a consensus rating of “Hold” and a consensus price target of GBX 3,595.64 ($59.67).
Shares of British American Tobacco plc (LON:BATS) opened at 3559.9998 on Thursday. British American Tobacco plc has a 1-year low of GBX 2871.00 and a 1-year high of GBX 3625.00. The stock’s 50-day moving average is GBX 3510. and its 200-day moving average is GBX 3436.. The company’s market cap is £66.366 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 ($0.79) 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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