British American Tobacco’s (BATS) “Outperform” Rating Reaffirmed at Credit Suisse Group

British American Tobacco (LON:BATS)‘s stock had its “outperform” rating reissued by investment analysts at Credit Suisse Group in a research note issued to investors on Wednesday. They presently have a GBX 5,800 ($80.13) target price on the stock. Credit Suisse Group’s price objective would suggest a potential upside of 30.63% from the stock’s current price.

BATS has been the subject of a number of other reports. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 6,000 ($82.90) target price on shares of British American Tobacco in a research note on Tuesday, January 23rd. Jefferies Group reaffirmed a “buy” rating and issued a GBX 5,900 ($81.51) target price on shares of British American Tobacco in a research note on Friday, December 8th. Royal Bank of Canada set a GBX 4,800 ($66.32) target price on British American Tobacco and gave the stock a “neutral” rating in a research note on Wednesday, December 13th. Goldman Sachs Group set a GBX 5,500 ($75.99) target price on British American Tobacco and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Investec reaffirmed a “buy” rating and issued a GBX 6,000 ($82.90) target price on shares of British American Tobacco in a research note on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. British American Tobacco has a consensus rating of “Buy” and a consensus price target of GBX 5,685.33 ($78.55).

Shares of British American Tobacco (LON BATS) traded up GBX 58.50 ($0.81) on Wednesday, hitting GBX 4,440 ($61.34). The company’s stock had a trading volume of 5,232,161 shares, compared to its average volume of 3,160,000. British American Tobacco has a twelve month low of GBX 4,064 ($56.15) and a twelve month high of GBX 5,643.60 ($77.97). The firm has a market cap of $102,870.00 and a P/E ratio of 1,955.95.

In related news, insider Tadeu Marroco acquired 2,980 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was acquired at an average price of GBX 4,985 ($68.87) per share, for a total transaction of £148,553 ($205,240.40). Also, insider Ricardo Oberlander sold 6,000 shares of British American Tobacco stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($69.08), for a total value of £300,000 ($414,479.14). Insiders have purchased a total of 2,986 shares of company stock valued at $14,884,754 over the last 90 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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