UBS AG Reiterates “GBX 5,670” Price Target for British American Tobacco plc (BATS)
British American Tobacco plc (LON:BATS) received a GBX 5,670 ($74.82) price objective from UBS AG in a research report issued on Tuesday, www.boersen-zeitung.de reports. The firm currently has a “buy” rating on the stock. UBS AG’s price objective suggests a potential upside of 16.50% from the stock’s current price.
Several other equities research analysts have also weighed in on the company. Deutsche Bank AG reissued a “buy” rating and issued a GBX 6,000 ($79.18) price objective on shares of British American Tobacco plc in a report on Monday, July 31st. Credit Suisse Group decreased their price objective on British American Tobacco plc from GBX 6,100 ($80.50) to GBX 5,800 ($76.54) and set an “outperform” rating for the company in a report on Tuesday, October 10th. Jefferies Group LLC reissued a “buy” rating and issued a GBX 6,500 ($85.77) price objective on shares of British American Tobacco plc in a report on Thursday, August 24th. Goldman Sachs Group, Inc. (The) decreased their price objective on British American Tobacco plc from GBX 5,400 ($71.26) to GBX 5,340 ($70.47) and set a “neutral” rating for the company in a report on Thursday, September 21st. Finally, Citigroup Inc. reissued a “buy” rating and issued a GBX 6,400 ($84.46) price objective on shares of British American Tobacco plc in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of GBX 5,617.50 ($74.13).
British American Tobacco plc (LON:BATS) opened at 4812.00 on Tuesday. The firm’s market capitalization is GBX 89.41 billion. British American Tobacco plc has a 12-month low of GBX 4,237.00 and a 12-month high of GBX 5,643.60. The firm has a 50 day moving average of GBX 4,769.24 and a 200 day moving average of GBX 5,127.80.
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In related news, insider Alan Davy purchased 36 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were acquired at an average cost of GBX 4,816 ($63.55) per share, with a total value of £1,733.76 ($2,287.89). Also, insider Naresh Sethi sold 7,035 shares of British American Tobacco plc stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of GBX 4,898 ($64.63), for a total value of £344,574.30 ($454,703.48). Insiders purchased a total of 45 shares of company stock valued at $216,396 in the last 90 days.
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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