British American Tobacco (BATS) Given “Outperform” Rating at Credit Suisse Group

British American Tobacco (LON:BATS)‘s stock had its “outperform” rating restated by research analysts at Credit Suisse Group in a report released on Monday. They presently have a GBX 5,800 ($81.45) target price on the stock. Credit Suisse Group’s target price would suggest a potential upside of 18.97% from the company’s current price.

A number of other research analysts have also recently issued reports on BATS. Deutsche Bank restated a “buy” rating and set a GBX 6,000 ($84.26) price objective on shares of British American Tobacco in a report on Thursday, October 5th. Berenberg Bank decreased their price objective on shares of British American Tobacco from GBX 5,670 ($79.62) to GBX 5,500 ($77.24) and set a “buy” rating for the company in a report on Friday, October 6th. Jefferies Group decreased their price objective on shares of British American Tobacco from GBX 6,500 ($91.28) to GBX 6,100 ($85.66) and set a “buy” rating for the company in a report on Friday, October 6th. Goldman Sachs Group set a GBX 5,500 ($77.24) price objective on shares of British American Tobacco and gave the company a “buy” rating in a report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a GBX 5,610 ($78.78) price objective on shares of British American Tobacco in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 5,668.67 ($79.60).

British American Tobacco (LON BATS) traded down GBX 64 ($0.90) on Monday, hitting GBX 4,875 ($68.46). 2,714,765 shares of the company were exchanged, compared to its average volume of 2,600,000. The company has a market capitalization of $111,810.00 and a P/E ratio of 2,147.58. British American Tobacco has a twelve month low of GBX 4,064 ($57.07) and a twelve month high of GBX 5,643.60 ($79.25).

In related news, insider Tadeu Marroco acquired 2,980 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were bought at an average cost of GBX 4,985 ($70.00) per share, with a total value of £148,553 ($208,612.55). Also, insider Andrew Gray sold 8,993 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($69.53), for a total transaction of £445,243.43 ($625,254.08). Insiders have acquired 2,989 shares of company stock worth $14,899,415 over the last ninety days.

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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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