British American Tobacco (LON:BATS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,213.38 and traded as high as GBX 4,408. British American Tobacco shares last traded at GBX 4,377.01, with a volume of 7,610,705 shares trading hands.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and set a GBX 5,200 price objective on shares of British American Tobacco in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 4,500.

British American Tobacco Stock Up 0.1%

The company has a market cap of £94.93 billion, a P/E ratio of 12.54, a P/E/G ratio of 3.12 and a beta of 0.07. The company’s 50-day moving average is GBX 4,425.19 and its two-hundred day moving average is GBX 4,213.38. The company has a debt-to-equity ratio of 74.60, a current ratio of 0.87 and a quick ratio of 0.47.

British American Tobacco (LON:BATS) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 176.76 earnings per share (EPS) for the quarter. British American Tobacco had a return on equity of 16.33% and a net margin of 30.23%. As a group, equities analysts predict that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current fiscal year.

Insider Buying and Selling at British American Tobacco

In other news, insider Tadeu Marroco sold 9,383 shares of the company’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 4,284, for a total transaction of £401,967.72. Insiders acquired a total of 11 shares of company stock valued at $47,702 in the last three months. 0.12% of the stock is owned by insiders.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.