British American Tobacco’s (BATS) Overweight Rating Reiterated at J P Morgan Chase & Co

British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reiterated by research analysts at J P Morgan Chase & Co in a research note issued on Tuesday.

Other research analysts have also recently issued research reports about the company. Jefferies Group reiterated a “buy” rating and set a GBX 6,500 ($87.48) price objective on shares of British American Tobacco in a research note on Wednesday, August 9th. Goldman Sachs Group set a GBX 5,500 ($74.02) price target on British American Tobacco and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Berenberg Bank decreased their price target on British American Tobacco from GBX 5,670 ($76.31) to GBX 5,500 ($74.02) and set a “buy” rating for the company in a research note on Friday, October 6th. Deutsche Bank restated a “buy” rating and issued a GBX 6,000 ($80.75) price target on shares of British American Tobacco in a research note on Thursday, October 5th. Finally, Citigroup restated a “buy” rating and issued a GBX 5,800 ($78.06) price target on shares of British American Tobacco in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. British American Tobacco currently has an average rating of “Buy” and an average price target of GBX 5,677.50 ($76.41).

Shares of British American Tobacco (LON:BATS) traded down GBX 15.97 ($0.21) during trading hours on Tuesday, reaching GBX 4,939 ($66.47). The company’s stock had a trading volume of 3,807,134 shares, compared to its average volume of 3,340,000. British American Tobacco has a 1-year low of GBX 4,325.50 ($58.22) and a 1-year high of GBX 5,643.60 ($75.96).

In related news, insider Tadeu Marroco purchased 2,980 shares of the business’s stock in a transaction on Friday, November 17th. The stock was acquired at an average price of GBX 4,985 ($67.09) per share, with a total value of £148,553 ($199,936.74). Also, insider Andrew Gray sold 8,993 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($66.64), for a total value of £445,243.43 ($599,250.92). In the last quarter, insiders have purchased 3,022 shares of company stock valued at $15,057,497.

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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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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