JPMorgan Chase & Co. Reaffirms Overweight Rating for British American Tobacco plc (BATS)
British American Tobacco plc (LON:BATS)‘s stock had its “overweight” rating reissued by research analysts at JPMorgan Chase & Co. in a research report issued on Thursday. They currently have a GBX 5,220 ($68.14) price objective on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 7.11% from the stock’s current price.
Several other brokerages also recently weighed in on BATS. Credit Suisse Group AG raised 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 company an “outperform” rating in a research report on Wednesday, September 21st. Deutsche Bank AG raised their price target 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. Goldman Sachs Group Inc. reissued a “conviction-buy” rating on shares of British American Tobacco plc in a research report on Tuesday, August 23rd. Royal Bank Of Canada reissued an “underperform” rating and set a GBX 4,000 ($52.21) price target on shares of British American Tobacco plc in a research report on Friday, September 9th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 4,975 ($64.94) price target on shares of British American Tobacco plc in a research report on Wednesday, September 14th. 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 stock. The stock 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% during trading on Thursday, hitting GBX 4873.50. 3,761,898 shares of the stock traded hands. British American Tobacco plc has a 52-week low of GBX 3,536.00 and a 52-week high of GBX 5,135.00. The firm has a 50-day moving average price of GBX 4,826.40 and a 200 day moving average price of GBX 4,510.02. The company’s market cap is GBX 90.55 billion.
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The business also recently declared a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th were paid a GBX 51.30 ($0.67) dividend. This represents a yield of 1.07%. The ex-dividend date was Thursday, August 18th.
In other British American Tobacco plc news, insider Helmes,Marion bought 3,600 shares of British American Tobacco plc stock in a transaction dated Friday, September 2nd. The shares were purchased at an average cost 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 business’s 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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