British American Tobacco (BTI) Upgraded to Buy at Zacks Investment Research

British American Tobacco (NYSE:BTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage presently has a $74.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 12.50% from the company’s current price.

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

Other analysts have also recently issued research reports about 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 note on Saturday, November 18th. Goldman Sachs Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Cowen raised shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $77.00.

British American Tobacco (NYSE:BTI) traded down $1.58 during mid-day trading on Friday, hitting $65.78. 2,829,700 shares of the stock were exchanged, compared to its average volume of 3,595,003. The company has a debt-to-equity ratio of 1.91, a current ratio of 0.87 and a quick ratio of 0.48. British American Tobacco has a twelve month low of $55.53 and a twelve month high of $73.41.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BB&T Investment Services Inc. boosted its holdings in British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock valued at $101,000 after purchasing an additional 1,395 shares during the last quarter. Delta Asset Management LLC TN boosted its holdings in British American Tobacco by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after purchasing an additional 1,472 shares during the last quarter. Krilogy Financial LLC acquired a new position in British American Tobacco in the 3rd quarter valued at about $106,000. D. Scott Neal Inc. acquired a new position in British American Tobacco in the 3rd quarter valued at about $106,000. Finally, Asset Management One Co. Ltd. acquired a new position in British American Tobacco in the 3rd quarter valued at about $109,000. 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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