British American Tobacco (BTI) Upgraded to Buy by Zacks Investment Research
British American Tobacco (NYSE:BTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $75.00 price target on the stock. Zacks Investment Research‘s price objective suggests a potential upside of 10.05% from the stock’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. “
Several other brokerages also recently commented on BTI. Jefferies Group set a $78.00 price target on British American Tobacco and gave the company a “buy” rating in a report on Saturday, November 18th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, October 9th. Finally, Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating and thirteen have given a buy rating to the company. British American Tobacco currently has an average rating of “Buy” and an average target price of $77.33.
Several institutional investors have recently made changes to their positions in the company. Miles Capital Inc. lifted its position in British American Tobacco by 0.4% in the second quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock worth $337,000 after purchasing an additional 20 shares during the period. National Asset Management Inc. lifted its position in British American Tobacco by 1.2% in the second quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock worth $246,000 after purchasing an additional 44 shares during the period. Fiera Capital Corp lifted its position in British American Tobacco by 1.8% in the second quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after purchasing an additional 59 shares during the period. Financial Counselors Inc. lifted its position in British American Tobacco by 2.5% in the second quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock worth $369,000 after purchasing an additional 131 shares during the period. Finally, FTB Advisors Inc. lifted its position in British American Tobacco by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after purchasing an additional 174 shares during the period. Institutional investors and hedge funds own 8.65% of the company’s stock.
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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