British American Tobacco plc (BATS) Given a GBX 5,350 Price Target by Credit Suisse Group AG Analysts
British American Tobacco plc (LON:BATS) received a GBX 5,350 ($66.21) price objective from Credit Suisse Group AG in a research report issued to clients and investors on Tuesday. The brokerage currently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target indicates a potential upside of 10.12% from the company’s previous close.
BATS has been the subject of a number of other reports. Jefferies Group upped their target price on shares of British American Tobacco plc from GBX 5,800 ($71.78) to GBX 6,000 ($74.26) and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their target price on shares of British American Tobacco plc from GBX 5,040 ($62.38) to GBX 5,380 ($66.58) and gave the stock an “overweight” rating in a research note on Tuesday, July 12th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 5,300 ($65.59) target price on shares of British American Tobacco plc in a research note on Tuesday, September 13th. BNP Paribas restated a “neutral” rating and set a GBX 5,000 ($61.88) price objective on shares of British American Tobacco plc in a research note on Friday, July 8th. Finally, Independent Research GmbH set a GBX 5,200 ($64.36) price objective on shares of British American Tobacco plc and gave the stock a “neutral” rating in a research note on Wednesday, July 6th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 4,880.65 ($60.40).
Shares of British American Tobacco plc (LON:BATS) opened at 4892.50 on Tuesday. 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 firm’s market cap is GBX 90.90 billion. The stock has a 50 day moving average price of GBX 4,825.35 and a 200 day moving average price of GBX 4,525.34.
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The company also recently declared a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 18th were given a dividend of GBX 51.30 ($0.63) per share. The ex-dividend date was Thursday, August 18th. This represents a dividend yield of 1.07%.
In related news, insider Jack Bowles sold 511 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($59.90), for a total transaction of £24,732.40 ($30,609.41). Also, insider Helmes,Marion purchased 900 shares of British American Tobacco plc stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of GBX 4,758 ($58.89) per share, for a total transaction of £42,822 ($52,997.52).
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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