British American Tobacco PLC (BTI) Stock Rating Upgraded by Investec
British American Tobacco PLC (NYSEMKT:BTI) was upgraded by equities research analysts at Investec from a “hold” rating to a “buy” rating in a report issued on Friday, StockTargetPrices.com reports.
Several other brokerages have also recently issued reports on BTI. BidaskClub cut shares of British American Tobacco PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco PLC in a research note on Thursday. Finally, Piper Jaffray Companies started coverage on shares of British American Tobacco PLC in a research note on Thursday, May 25th. They issued an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. British American Tobacco PLC currently has an average rating of “Buy” and a consensus price target of $72.00.
Shares of British American Tobacco PLC (BTI) traded up 1.04% during mid-day trading on Friday, hitting $65.87. 6,076,368 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $68.79 and a 200-day moving average price of $75.53. British American Tobacco PLC has a 1-year low of $52.71 and a 1-year high of $73.41. The stock has a market cap of $122.39 billion and a P/E ratio of 22.36.
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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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