British American Tobacco plc (BATS) Receives Average Rating of “Buy” from Analysts
British American Tobacco plc (LON:BATS) has been given a consensus recommendation of “Buy” by the seventeen ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is GBX 5,564 ($72.49).
A number of research analysts have recently issued reports on BATS shares. Credit Suisse Group reissued an “outperform” rating and issued a GBX 6,100 ($79.47) target price on shares of British American Tobacco plc in a report on Tuesday, May 30th. Berenberg Bank reissued a “buy” rating and issued a GBX 5,670 ($73.87) target price on shares of British American Tobacco plc in a report on Tuesday, May 23rd. Whitman Howard reissued a “hold” rating and issued a GBX 5,300 ($69.05) target price on shares of British American Tobacco plc in a report on Wednesday, June 14th. Citigroup Inc. reissued a “buy” rating on shares of British American Tobacco plc in a report on Saturday, May 20th. Finally, BNP Paribas set a GBX 6,000 ($78.17) target price on British American Tobacco plc and gave the company a “buy” rating in a report on Thursday, April 6th.
In other British American Tobacco plc news, insider Ricardo Oberlander sold 6,719 shares of the business’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($69.97), for a total transaction of £360,877.49 ($470,137.43). 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 price of GBX 5,296 ($68.99) per share, for a total transaction of £3,972,000 ($5,174,570.09). Over the last 90 days, insiders purchased 84,029 shares of company stock worth $446,734,832.
British American Tobacco plc (LON BATS) traded down 1.31% during mid-day trading on Monday, reaching GBX 5413.00. 62,121,105 shares of the company were exchanged. The stock has a 50 day moving average of GBX 5,395.56 and a 200-day moving average of GBX 5,191.02. The stock’s market capitalization is GBX 100.64 billion. British American Tobacco plc has a one year low of GBX 4,237.00 and a one year high of GBX 5,643.60.
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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