British American Tobacco plc (BATS) Given Average Recommendation of “Buy” by Brokerages

British American Tobacco plc (LON:BATS) has been given a consensus recommendation of “Buy” by the sixteen brokerages that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 5,628.67 ($76.33).

BATS has been the topic of several analyst reports. Goldman Sachs Group cut their price objective on shares of British American Tobacco from GBX 5,400 ($73.23) to GBX 5,340 ($72.42) and set a “neutral” rating on the stock in a report on Thursday, September 21st. Deutsche Bank restated a “buy” rating and issued a GBX 6,000 ($81.37) price objective on shares of British American Tobacco in a report on Thursday, October 5th. Berenberg Bank cut their price objective on shares of British American Tobacco from GBX 5,670 ($76.89) to GBX 5,500 ($74.59) and set a “buy” rating on the stock in a report on Friday, October 6th. Jefferies Group cut their price objective on shares of British American Tobacco from GBX 6,500 ($88.15) to GBX 6,100 ($82.72) and set a “buy” rating on the stock in a report on Friday, October 6th. Finally, Credit Suisse Group cut their price objective on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an “outperform” rating on the stock in a report on Tuesday, October 10th.

Shares of British American Tobacco (BATS) traded up GBX 47 ($0.64) during midday trading on Monday, reaching GBX 5,015 ($68.01). 2,084,244 shares of the company traded hands, compared to its average volume of 2,760,000. British American Tobacco has a fifty-two week low of GBX 4,064 ($55.11) and a fifty-two week high of GBX 5,643.60 ($76.53). The firm has a market capitalization of $115,030.00 and a price-to-earnings ratio of 2,209.25.

The business also recently disclosed a dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, December 28th will be given a dividend of GBX 43.60 ($0.59) per share. This represents a dividend yield of 0.88%. The ex-dividend date of this dividend is Thursday, December 28th.

In related news, insider Tadeu Marroco acquired 2,980 shares of the stock in a transaction dated Friday, November 17th. The stock was bought at an average price of GBX 4,985 ($67.60) per share, with a total value of £148,553 ($201,455.11). Also, insider Andrew Gray sold 8,993 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of GBX 4,951 ($67.14), for a total transaction of £445,243.43 ($603,801.78). Insiders have bought 2,989 shares of company stock valued at $14,899,415 in the last three months.

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About British American Tobacco

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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