British American Tobacco plc (BATS) Receives Hold Rating from Whitman Howard
British American Tobacco plc (LON:BATS)‘s stock had its “hold” rating restated by stock analysts at Whitman Howard in a report issued on Wednesday. They currently have a GBX 5,300 ($67.05) price target on the stock. Whitman Howard’s target price would suggest a potential downside of 3.62% from the stock’s previous close.
Other equities research analysts have also recently issued research reports about the company. Berenberg Bank restated a “buy” rating and issued a GBX 5,670 ($71.73) target price on shares of British American Tobacco plc in a research note on Monday, May 15th. Barclays PLC reiterated an “equal weight” rating and set a GBX 5,200 ($65.78) price objective on shares of British American Tobacco plc in a research note on Friday, March 31st. Credit Suisse Group reiterated an “outperform” rating and set a GBX 6,100 ($77.17) price objective on shares of British American Tobacco plc in a research note on Tuesday, May 30th. BNP Paribas upped their price objective on British American Tobacco plc from GBX 5,400 ($68.31) to GBX 5,500 ($69.58) and gave the stock a “neutral” rating in a research note on Wednesday, February 22nd. Finally, Citigroup Inc. reiterated a “buy” rating and set a GBX 5,600 ($70.84) price objective on shares of British American Tobacco plc in a research note on Tuesday, February 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of GBX 5,543.13 ($70.12).
British American Tobacco plc (LON:BATS) opened at 5499.00 on Wednesday. The company’s market cap is GBX 102.24 billion. The company’s 50-day moving average is GBX 5,431.69 and its 200 day moving average is GBX 5,039.16. British American Tobacco plc has a 12 month low of GBX 4,105.50 and a 12 month high of GBX 5,643.60.
In other news, insider Ricardo Oberlander sold 6,719 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($67.94), for a total transaction of £360,877.49 ($456,518.01). Also, insider Jack Bowles sold 1,618 shares of the stock in a transaction on Friday, March 31st. The stock was sold at an average price of GBX 5,288 ($66.89), for a total value of £85,559.84 ($108,235.09). Over the last three months, insiders have bought 78,005 shares of company stock worth $413,354,957 and have sold 77,199 shares worth $409,742,751.
About British American Tobacco plc
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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