UBS AG Analysts Give British American Tobacco plc (LON:BATS) a GBX 5,670 Price Target
British American Tobacco plc (LON:BATS) received a GBX 5,670 ($73.45) price objective from equities researchers at UBS AG in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS AG’s target price would suggest a potential upside of 7.43% from the stock’s current price.
Other analysts have also issued reports about the company. Berenberg Bank reiterated a “buy” rating and set a GBX 5,670 ($73.45) price target on shares of British American Tobacco plc in a report on Tuesday, May 23rd. Citigroup Inc. reiterated a “buy” rating on shares of British American Tobacco plc in a report on Saturday, May 20th. Jefferies Group LLC lifted their price target on British American Tobacco plc from GBX 5,800 ($75.13) to GBX 6,600 ($85.49) and gave the stock a “buy” rating in a report on Wednesday, April 19th. BNP Paribas set a GBX 6,000 ($77.72) price target on British American Tobacco plc and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 5,200 ($67.36) price target on shares of British American Tobacco plc in a report on Friday, March 31st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 5,591.25 ($72.43).
Shares of British American Tobacco plc (LON BATS) traded up 0.23% during midday trading on Thursday, hitting GBX 5290.00. The stock had a trading volume of 2,961,383 shares. British American Tobacco plc has a 52 week low of GBX 4,237.00 and a 52 week high of GBX 5,643.60. The firm’s market cap is GBX 98.35 billion. The company’s 50 day moving average is GBX 5,473.72 and its 200 day moving average is GBX 5,113.62.
In related news, insider Ricardo Oberlander sold 6,719 shares of the stock in a transaction dated Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($69.57), for a total transaction of £360,877.49 ($467,457.89). Also, insider Jack Bowles bought 9,000 shares of the company’s stock in a transaction that occurred on Friday, June 23rd. The shares were bought at an average price of GBX 5,487 ($71.08) per share, with a total value of £493,830 ($639,676.17). Insiders bought a total of 84,029 shares of company stock valued at $446,734,832 over the last quarter.
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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