British American Tobacco PLC (BTI) Given Average Rating of “Buy” by Analysts

British American Tobacco PLC (NYSE:BTI) has received an average rating of “Buy” from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $78.50.

A number of brokerages have issued reports on BTI. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Cowen upgraded British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Goldman Sachs Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Finally, Jefferies Group set a $78.00 price target on British American Tobacco and gave the stock a “buy” rating in a research note on Saturday, November 18th.

Shares of British American Tobacco (BTI) traded up $0.01 during mid-day trading on Tuesday, reaching $70.31. The company’s stock had a trading volume of 2,167,900 shares, compared to its average volume of 1,545,843. British American Tobacco has a 1-year low of $59.10 and a 1-year high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

The firm also recently declared a None dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th will be paid a $0.581 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.73%.

A number of hedge funds have recently modified their holdings of BTI. Verity & Verity LLC grew its position in shares of British American Tobacco by 61.1% during the third quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock valued at $2,169,000 after purchasing an additional 13,174 shares in the last quarter. Pictet Asset Management Ltd. purchased a new position in shares of British American Tobacco during the third quarter valued at about $23,599,000. K2 Principal Fund L.P. purchased a new position in shares of British American Tobacco during the third quarter valued at about $1,249,000. Founders Capital Management purchased a new position in shares of British American Tobacco during the third quarter valued at about $953,000. Finally, Commonwealth Bank of Australia purchased a new position in shares of British American Tobacco during the third quarter valued at about $1,221,000. Institutional investors and hedge funds own 9.32% 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).

Analyst Recommendations for British American Tobacco (NYSE:BTI)

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