British American Tobacco PLC (BTI) Cut to “Sell” at BidaskClub
British American Tobacco PLC (NYSEMKT:BTI) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
A number of other brokerages also recently commented on BTI. Zacks Investment Research downgraded shares of British American Tobacco PLC from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 20th. Piper Jaffray Companies assumed coverage on shares of British American Tobacco PLC in a research note on Thursday, May 25th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $72.00.
British American Tobacco PLC (NYSEMKT:BTI) traded up 0.12% during mid-day trading on Wednesday, hitting $67.36. The stock had a trading volume of 1,577,507 shares. The company has a 50 day moving average price of $70.96 and a 200-day moving average price of $82.95. British American Tobacco PLC has a one year low of $52.71 and a one year high of $73.41. The company has a market cap of $125.24 billion and a price-to-earnings ratio of 20.78.
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An institutional investor recently bought a new position in British American Tobacco PLC stock. Marshall Wace LLP purchased a new position in shares of British American Tobacco PLC (NYSEMKT:BTI) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,023 shares of the company’s stock, valued at approximately $341,000.
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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