British American Tobacco plc (BATS) PT Set at GBX 5,350 by Credit Suisse Group AG
British American Tobacco plc (LON:BATS) has been given a GBX 5,350 ($66.21) price target by investment analysts at Credit Suisse Group AG in a research note issued to investors on Tuesday. The brokerage currently has a a “buy” rating on the stock. Credit Suisse Group AG’s price target points to a potential upside of 10.12% from the stock’s previous close.
Several other analysts have also recently commented on the company. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 5,220 ($64.60) target price on shares of British American Tobacco plc in a research report on Thursday, October 6th. Berenberg Bank raised their target price on British American Tobacco plc from GBX 4,840 ($59.90) to GBX 4,900 ($60.64) and gave the stock a “hold” rating in a research report on Monday, August 1st. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 5,000 ($61.88) target price on shares of British American Tobacco plc in a research report on Friday, July 8th. Goldman Sachs Group Inc. set a GBX 5,340 ($66.09) target price on British American Tobacco plc and gave the stock a “buy” rating in a research report on Tuesday, July 5th. Finally, Societe Generale cut British American Tobacco plc to a “hold” rating and raised their target price for the stock from GBX 4,700 ($58.17) to GBX 5,200 ($64.36) in a research report on Friday, August 19th. 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 assigned a strong buy rating to the company’s stock. The company currently has an average 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 4890.00 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 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. The stock’s market capitalization is GBX 90.86 billion.
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The business also recently disclosed a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th were issued a dividend of GBX 51.30 ($0.63) per share. This represents a yield of 1.07%. The ex-dividend date was Thursday, August 18th.
In related news, insider Helmes,Marion acquired 3,600 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were bought at an average cost of GBX 4,809 ($59.52) per share, with a total value of £173,124 ($214,262.38). Also, insider Jack Bowles sold 511 shares of British American Tobacco plc 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 value of £24,732.40 ($30,609.41).
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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