British American Tobacco plc (BATS) Price Target Raised to GBX 6,000 at Jefferies Group
British American Tobacco plc (LON:BATS) had its price objective boosted by research analysts at Jefferies Group from GBX 5,800 ($71.78) to GBX 6,000 ($74.26) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would indicate a potential upside of 23.49% from the company’s previous close.
Other equities research analysts have also issued research reports about the stock. Deutsche Bank AG lifted their target price on shares of British American Tobacco plc from GBX 4,500 ($55.69) to GBX 5,000 ($61.88) and gave the company a “buy” rating in a research note on Wednesday, July 6th. Citigroup Inc. reissued a “buy” rating and set a GBX 5,800 ($71.78) target price on shares of British American Tobacco plc in a research note on Wednesday, July 6th. Goldman Sachs Group Inc. set a GBX 5,340 ($66.09) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Tuesday, July 5th. Societe Generale reissued a “buy” rating and set a GBX 4,700 ($58.17) target price on shares of British American Tobacco plc in a research note on Monday, June 27th. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 4,285 ($53.03) target price on shares of British American Tobacco plc in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 4,873.15 ($60.31).
Shares of British American Tobacco plc (LON:BATS) opened at 4880.50 on Tuesday. The firm’s market capitalization is GBX 90.68 billion. 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 stock’s 50 day moving average price is GBX 4,825.35 and its 200 day moving average price is GBX 4,525.34.
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The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Stockholders 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 other news, insider Jack Bowles sold 511 shares of British American Tobacco plc stock in a transaction dated 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 bought 900 shares of the firm’s stock in a transaction dated Thursday, September 1st. The shares were acquired 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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