British American Tobacco p.l.c. (NYSE:BTI) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $79.00.

Several brokerages recently weighed in on BTI. Bank of America Corporation set a $79.00 price target on British American Tobacco p.l.c. and gave the company a “buy” rating in a research note on Thursday, July 6th. Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th. Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a research note on Monday, July 31st. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $70.00 price target for the company in a research note on Tuesday, August 15th.

British American Tobacco p.l.c. (NYSE BTI) traded up 0.03% during trading on Friday, hitting $64.48. The stock had a trading volume of 1,138,653 shares. The company has a market cap of $119.80 billion, a price-to-earnings ratio of 21.51 and a beta of 1.06. The firm’s 50-day moving average price is $62.91 and its 200-day moving average price is $66.71. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41.

The company also recently disclosed a None dividend, which was paid on Tuesday, October 3rd. Shareholders of record on Friday, August 18th were paid a dividend of $0.728 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a yield of 2.28%.

A number of large investors have recently bought and sold shares of the business. Miles Capital Inc. increased its stake in British American Tobacco p.l.c. by 0.4% during the 2nd quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock worth $337,000 after buying an additional 20 shares in the last quarter. National Asset Management Inc. increased its stake in British American Tobacco p.l.c. by 1.2% during the 2nd quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock worth $246,000 after buying an additional 44 shares in the last quarter. Fiera Capital Corp increased its stake in British American Tobacco p.l.c. by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after buying an additional 59 shares in the last quarter. Financial Counselors Inc. increased its stake in British American Tobacco p.l.c. by 2.5% during the 2nd quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock worth $369,000 after buying an additional 131 shares in the last quarter. Finally, FTB Advisors Inc. increased its stake in British American Tobacco p.l.c. by 10.7% during the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Institutional investors own 4.65% of the company’s stock.

WARNING: This article was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of U.S. & international trademark and copyright legislation. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/10/15/british-american-tobacco-p-l-c-bti-given-consensus-recommendation-of-buy-by-brokerages.html.

British American Tobacco p.l.c. 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).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with MarketBeat.com's FREE daily email newsletter.