JPMorgan Chase & Co. Boosts British American Tobacco plc (BATS) Price Target to GBX 5,420
British American Tobacco plc (LON:BATS) had its price target hoisted by JPMorgan Chase & Co. from GBX 5,220 ($63.62) to GBX 5,420 ($66.06) in a research report issued on Wednesday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 12.96% from the stock’s current price.
Several other brokerages have also weighed in on BATS. Independent Research GmbH set a GBX 5,200 ($63.38) price objective on British American Tobacco plc and gave the stock a “neutral” rating in a research report on Wednesday, July 6th. Deutsche Bank AG increased their price objective on British American Tobacco plc from GBX 4,500 ($54.84) to GBX 5,000 ($60.94) and gave the stock a “buy” rating in a research report on Wednesday, July 6th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 5,800 ($70.69) price objective on shares of British American Tobacco plc in a research report on Wednesday, July 6th. BNP Paribas reiterated a “neutral” rating and issued a GBX 5,000 ($60.94) price objective on shares of British American Tobacco plc in a research report on Friday, July 8th. Finally, Barclays PLC lowered British American Tobacco plc to an “equal weight” rating and increased their price objective for the stock from GBX 4,400 ($53.63) to GBX 5,100 ($62.16) in a research report on Friday, July 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 4,913.15 ($59.88).
British American Tobacco plc (LON:BATS) opened at 4798.00 on Wednesday. The company’s 50-day moving average price is GBX 4,828.46 and its 200 day moving average price is GBX 4,556.31. The stock’s market capitalization is GBX 89.15 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.
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The company 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. This represents a dividend yield of 1.07%. The ex-dividend date was Thursday, August 18th.
In related news, insider Helmes,Marion purchased 900 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The shares were purchased at an average price of GBX 4,758 ($57.99) per share, for a total transaction of £42,822 ($52,190.13). Also, insider Jack Bowles sold 511 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($58.99), for a total value of £24,732.40 ($30,143.08).
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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