British American Tobacco plc (BATS) Receives Average Rating of “Buy” from Analysts
British American Tobacco plc (LON:BATS) has earned a consensus rating of “Buy” from the fifteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is GBX 5,658.67 ($74.67).
Several equities analysts recently commented on BATS shares. Investec reiterated a “hold” rating and set a GBX 5,500 ($72.58) target price on shares of British American Tobacco plc in a research note on Wednesday, July 12th. UBS AG set a GBX 5,670 ($74.82) target price on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Thursday, July 13th. Whitman Howard reiterated a “hold” rating and set a GBX 5,300 ($69.94) target price on shares of British American Tobacco plc in a research note on Thursday, July 20th. S&P Global set a GBX 5,600 ($73.90) target price on shares of British American Tobacco plc and gave the company a “neutral” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 6,500 ($85.77) target price on shares of British American Tobacco plc in a research note on Friday, July 28th.
In related news, insider Alan Davy acquired 36 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were purchased at an average price 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 the stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of GBX 4,898 ($64.63), for a total transaction of £344,574.30 ($454,703.48). In the last three months, insiders have acquired 42 shares of company stock worth $201,951.
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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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