British American Tobacco PLC (NYSE:BTI) has been given an average recommendation of “Buy” by the thirteen brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $79.00.
BTI has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Thursday, January 25th. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the company a “buy” rating in a research note on Saturday, November 18th. Finally, Citigroup lowered shares of British American Tobacco from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 28th.
Shares of British American Tobacco (NYSE:BTI) opened at $59.00 on Wednesday. British American Tobacco has a one year low of $57.97 and a one year high of $73.41. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72.
A number of large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in British American Tobacco by 1,509.0% in the third quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock worth $501,659,000 after acquiring an additional 7,533,669 shares during the period. Evercore Trust Company N.A. purchased a new stake in shares of British American Tobacco during the third quarter valued at about $331,037,000. Cambiar Investors LLC lifted its position in shares of British American Tobacco by 1,440.3% during the fourth quarter. Cambiar Investors LLC now owns 3,853,716 shares of the company’s stock valued at $258,160,000 after buying an additional 3,603,522 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of British American Tobacco by 23.8% during the fourth quarter. Wells Fargo & Company MN now owns 3,542,767 shares of the company’s stock valued at $237,331,000 after buying an additional 680,783 shares during the last quarter. Finally, Thornburg Investment Management Inc. purchased a new stake in shares of British American Tobacco during the third quarter valued at about $183,498,000. 9.09% of the stock is owned by institutional investors.
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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