British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reiterated by research analysts at JPMorgan Chase & Co. in a note issued to investors on Friday. They currently have a GBX 5,610 ($76.08) price target on the stock. JPMorgan Chase & Co.’s target price suggests a potential upside of 10.83% from the stock’s previous close.
A number of other analysts have also recently commented on the company. UBS Group set a GBX 5,670 ($76.89) price objective on British American Tobacco and gave the company a “buy” rating in a research report on Tuesday, October 24th. Goldman Sachs Group reduced their price objective on British American Tobacco from GBX 5,400 ($73.23) to GBX 5,340 ($72.42) and set a “neutral” rating for the company in a research report on Thursday, September 21st. Credit Suisse Group reduced their price objective on British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an “outperform” rating for the company in a research report on Tuesday, October 10th. Berenberg Bank reduced their price objective on British American Tobacco from GBX 5,670 ($76.89) to GBX 5,500 ($74.59) and set a “buy” rating for the company in a research report on Friday, October 6th. Finally, Citigroup reiterated a “buy” rating and set a GBX 5,800 ($78.65) price objective on shares of British American Tobacco in a research report on Thursday, October 26th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 5,628.67 ($76.33).
British American Tobacco (BATS) traded up GBX 112 ($1.52) during mid-day trading on Friday, hitting GBX 5,062 ($68.65). 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 stock has a market capitalization of $116,100.00 and a price-to-earnings ratio of 2,229.96.
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).
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