British American Tobacco plc’s (BATS) “Buy” Rating Reaffirmed at Citigroup Inc
British American Tobacco plc (LON:BATS)‘s stock had its “buy” rating restated by stock analysts at Citigroup Inc in a research report issued on Saturday.
A number of other research firms have also recently commented on BATS. Berenberg Bank restated a “buy” rating and set a GBX 5,670 ($73.19) price target on shares of British American Tobacco plc in a research note on Monday, May 15th. Jefferies Group LLC increased their target price on shares of British American Tobacco plc from GBX 5,800 ($74.87) to GBX 6,600 ($85.19) and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Whitman Howard reiterated a “hold” rating and set a GBX 5,300 ($68.41) target price on shares of British American Tobacco plc in a research note on Thursday, April 13th. BNP Paribas set a GBX 6,000 ($77.45) target price on shares of British American Tobacco plc and gave the stock a “buy” rating in a research note on Thursday, April 6th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 5,200 ($67.12) target price on shares of British American Tobacco plc in a research note on Friday, March 31st. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of GBX 5,499.38 ($70.99).
The company also recently disclosed a dividend, which was paid on Thursday, May 4th. Investors of record on Thursday, March 16th were given a dividend of GBX 118.10 ($1.52) per share. This is a boost from British American Tobacco plc’s previous dividend of $51.30. The ex-dividend date was Thursday, March 16th. This represents a yield of 2.37%.
In other news, insider Pedro Malan bought 3,000 shares of the firm’s stock in a transaction on Wednesday, April 12th. The stock was acquired at an average price of GBX 5,376 ($69.39) per share, with a total value of £161,280 ($208,183.81). Also, insider Jack Bowles bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were purchased at an average cost of GBX 5,296 ($68.36) per share, with a total value of £3,972,000 ($5,127,145.99). In the last ninety days, insiders have purchased 78,006 shares of company stock valued at $413,359,182 and have sold 77,199 shares valued at $409,742,751.
British American Tobacco plc Company Profile
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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