British American Tobacco plc (BATS) Given a GBX 5,150 Price Target by Berenberg Bank Analysts
British American Tobacco plc (LON:BATS) has been given a GBX 5,150 ($63.74) target price by equities research analysts at Berenberg Bank in a report issued on Friday. The brokerage presently has a a “neutral” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 5.49% from the stock’s current price.
A number of other equities research analysts have also commented on BATS. S&P Global Inc. set a GBX 4,800 ($59.41) price objective on shares of British American Tobacco plc and gave the company a “neutral” rating in a research note on Thursday, July 28th. Beaufort Securities reissued a “buy” rating on shares of British American Tobacco plc in a research note on Friday, July 29th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 5,220 ($64.60) target price on shares of British American Tobacco plc in a research note on Wednesday, August 24th. Societe Generale set a GBX 5,200 ($64.36) target price on shares of British American Tobacco plc and gave the stock a “neutral” rating in a research note on Friday, July 29th. Finally, Investec raised shares of British American Tobacco plc to a “buy” rating and increased their target price for the stock from GBX 4,000 ($49.50) to GBX 5,200 ($64.36) in a research note on Thursday, September 8th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. British American Tobacco plc presently has a consensus rating of “Hold” and an average price target of GBX 4,893.15 ($60.56).
Shares of British American Tobacco plc (LON:BATS) opened at 4893.50 on Friday. British American Tobacco plc has a 1-year low of GBX 3,536.00 and a 1-year high of GBX 5,135.00. The company’s market capitalization is GBX 90.92 billion. The stock’s 50 day moving average is GBX 4,826.42 and its 200 day moving average is GBX 4,536.16.
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The firm also recently announced a dividend, which was paid on Wednesday, September 28th. Shareholders of record on Thursday, August 18th were given a dividend of GBX 51.30 ($0.63) per share. The ex-dividend date of this dividend was Thursday, August 18th. This represents a yield of 1.07%.
In other British American Tobacco plc news, insider Jack Bowles sold 511 shares of the 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 business’s stock in a transaction on Thursday, September 1st. The shares were acquired at an average price of GBX 4,758 ($58.89) per share, with a total value of £42,822 ($52,997.52).
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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