British American Tobacco plc (BATS) Earns “Outperform” Rating from Credit Suisse Group AG
British American Tobacco plc (LON:BATS)‘s stock had its “outperform” rating reaffirmed by Credit Suisse Group AG in a research report issued to clients and investors on Friday. They currently have a GBX 5,200 ($67.88) target price on the stock. Credit Suisse Group AG’s target price points to a potential upside of 6.70% from the stock’s previous close.
Several other equities research analysts also recently issued reports on BATS. Berenberg Bank reaffirmed a “buy” rating and set a GBX 4,285 ($55.93) price target on shares of British American Tobacco plc in a research note on Tuesday, June 14th. JPMorgan Chase & Co. boosted their target price on shares of British American Tobacco plc from GBX 4,620 ($60.31) to GBX 4,650 ($60.70) and gave the stock an “overweight” rating in a research report on Friday, June 17th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 4,500 ($58.74) target price on shares of British American Tobacco plc in a research report on Tuesday, June 21st. BNP Paribas reissued a “neutral” rating and issued a GBX 4,300 ($56.13) target price on shares of British American Tobacco plc in a research report on Monday, June 27th. Finally, Societe Generale reissued a “buy” rating and issued a GBX 4,700 ($61.35) target price on shares of British American Tobacco plc in a research report on Monday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. British American Tobacco plc presently has an average rating of “Hold” and an average target price of GBX 4,863.15 ($63.48).
British American Tobacco plc (LON:BATS) traded up 0.22% on Friday, reaching GBX 4873.50. 3,761,898 shares of the company traded hands. The company has a 50-day moving average price of GBX 4,826.40 and a 200-day moving average price of GBX 4,510.02. British American Tobacco plc has a 12 month low of GBX 3,536.00 and a 12 month high of GBX 5,135.00. The company’s market capitalization is GBX 90.55 billion.
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The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 18th were issued a GBX 51.30 ($0.67) dividend. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.07%.
In other British American Tobacco plc news, insider Helmes,Marion bought 900 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were acquired at an average cost of GBX 4,758 ($62.11) per share, for a total transaction of £42,822 ($55,896.10). Also, insider Jack Bowles sold 511 shares of the business’s stock in a transaction that occurred on 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).
British American Tobacco plc Company Profile
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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