British American Tobacco plc (BATS) Price Target Increased to GBX 5,200 by Analysts at Credit Suisse Group AG
British American Tobacco plc (LON:BATS) had its target price boosted by Credit Suisse Group AG from GBX 5,050 ($65.92) to GBX 5,200 ($67.88) in a report released on Wednesday. The firm presently has an “outperform” rating on the stock. Credit Suisse Group AG’s price target would suggest a potential upside of 8.05% from the stock’s previous close.
BATS has been the subject of a number of other reports. JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 5,220 ($68.14) price objective on shares of British American Tobacco plc in a report on Wednesday, August 24th. Deutsche Bank AG increased their price target on British American Tobacco plc from GBX 5,300 ($69.18) to GBX 5,500 ($71.79) and gave the company a “buy” rating in a report on Friday, September 9th. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating on shares of British American Tobacco plc in a report on Tuesday, August 23rd. Barclays PLC reiterated an “equal weight” rating and issued a GBX 4,975 ($64.94) price target on shares of British American Tobacco plc in a report on Wednesday, September 14th. Finally, Royal Bank Of Canada reiterated an “underperform” rating and issued a GBX 4,000 ($52.21) price target on shares of British American Tobacco plc in a report on Friday, September 9th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 4,813.15 ($62.83).
Shares of British American Tobacco plc (LON:BATS) opened at 4812.50 on Wednesday. The stock has a 50 day moving average price of GBX 4,809.54 and a 200 day moving average price of GBX 4,439.69. British American Tobacco plc has a 12-month low of GBX 3,459.00 and a 12-month high of GBX 5,135.00. The stock’s market capitalization is GBX 89.42 billion.
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The company also recently declared a dividend, which will be paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th will be paid a GBX 51.30 ($0.67) dividend. The ex-dividend date is Thursday, August 18th. This represents a dividend yield of 1.07%.
In other news, insider Helmes,Marion purchased 3,600 shares of the company’s stock in a transaction on Friday, September 2nd. The shares were bought at an average price of GBX 4,809 ($62.77) per share, for a total transaction of £173,124 ($225,980.94). Also, insider Jack Bowles sold 511 shares of the firm’s stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($63.18), for a total transaction of £24,732.40 ($32,283.51).
About British American Tobacco plc
British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.
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