British American Tobacco (NYSE:BTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday. The firm currently has a $73.00 target price on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 11.52% from the stock’s previous close.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

A number of other equities research analysts have also recently issued reports on the stock. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have issued a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and a consensus target price of $72.25.

British American Tobacco (NYSE BTI) traded up $0.51 during midday trading on Wednesday, hitting $65.46. 2,212,000 shares of the company traded hands, compared to its average volume of 3,631,552. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91. British American Tobacco has a fifty-two week low of $54.58 and a fifty-two week high of $73.41.

Several institutional investors have recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in shares of British American Tobacco by 14.0% in the 2nd quarter. IFP Advisors Inc now owns 3,137 shares of the company’s stock worth $215,000 after purchasing an additional 386 shares in the last quarter. Wetherby Asset Management Inc. raised its position in British American Tobacco by 4.8% in the 2nd quarter. Wetherby Asset Management Inc. now owns 21,700 shares of the company’s stock valued at $1,487,000 after buying an additional 998 shares during the last quarter. Segantii Capital Management Ltd purchased a new stake in shares of British American Tobacco during the 2nd quarter valued at $1,020,000. First Trust Advisors LP increased its position in shares of British American Tobacco by 6.0% during the 2nd quarter. First Trust Advisors LP now owns 374,026 shares of the company’s stock valued at $25,636,000 after purchasing an additional 21,288 shares during the last quarter. Finally, Cumberland Partners Ltd increased its position in shares of British American Tobacco by 3.3% during the 2nd quarter. Cumberland Partners Ltd now owns 106,630 shares of the company’s stock valued at $7,308,000 after purchasing an additional 3,400 shares during the last quarter. Hedge funds and other institutional investors own 9.35% of the company’s stock.

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British American Tobacco 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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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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