British American Tobacco plc (BATS) Price Target Increased to GBX 5,800 by Analysts at Jefferies Group
British American Tobacco plc (LON:BATS) had its price target hoisted by investment analysts at Jefferies Group from GBX 4,800 ($62.66) to GBX 5,800 ($75.71) in a note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock. Jefferies Group’s target price indicates a potential upside of 20.52% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. Credit Suisse Group AG increased their price target on shares of British American Tobacco plc from GBX 5,050 ($65.92) to GBX 5,200 ($67.88) and gave the stock an “outperform” rating in a research report on Wednesday. Barclays PLC restated an “equal weight” rating and set a GBX 4,975 ($64.94) price objective on shares of British American Tobacco plc in a research report on Wednesday, September 14th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 5,300 ($69.18) price objective on shares of British American Tobacco plc in a research report on Tuesday, September 13th. Royal Bank Of Canada restated an “underperform” rating and set a GBX 4,000 ($52.21) price objective on shares of British American Tobacco plc in a research report on Friday, September 9th. Finally, Deutsche Bank AG raised their price objective on shares of 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 research 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 assigned a strong buy rating to the company’s stock. British American Tobacco plc currently has a consensus rating of “Hold” and a consensus price target of GBX 4,863.15 ($63.48).
Shares of British American Tobacco plc (LON:BATS) opened at 4832.00 on Wednesday. The firm’s 50-day moving average is GBX 4,809.54 and its 200 day moving average is GBX 4,439.69. The stock’s market capitalization is GBX 89.78 billion. British American Tobacco plc has a 52-week low of GBX 3,459.00 and a 52-week high of GBX 5,135.00.
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The company also recently declared a dividend, which will be paid on Wednesday, September 28th. Investors of record on Thursday, August 18th will be paid a dividend of GBX 51.30 ($0.67) per share. 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 that occurred on Friday, September 2nd. The stock was purchased at an average cost of GBX 4,809 ($62.77) per share, with a total value of £173,124 ($225,980.94). Also, insider Jack Bowles sold 511 shares of British American Tobacco plc stock in a transaction dated Thursday, August 18th. The stock was 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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