British American Tobacco (LON:BATS) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 4,411.47 and traded as high as GBX 4,764. British American Tobacco shares last traded at GBX 4,723.99, with a volume of 4,522,744 shares traded.

Key Headlines Impacting British American Tobacco

Here are the key news stories impacting British American Tobacco this week:

• Positive Sentiment: British American Tobacco said it will eliminate about 5,500 jobs globally and outsource another 3,500 roles by the end of the year as part of a transformation program aimed at delivering an additional £600 million in savings and improving operational efficiency. British American Tobacco to cut 5,500 jobs globally, outsource 3,500 more by year-end
• Positive Sentiment: Multiple reports said the company’s cost-cutting and AI-driven overhaul could affect up to 9,000 roles, signaling a broader push to streamline the business and boost “tech agility” and productivity. British American Tobacco to slash 9,000 jobs as it turns to AI
• Neutral Sentiment: Coverage from BBC, Yahoo Finance, and other outlets focused on the same restructuring announcement, reinforcing the scale of the turnaround but adding little new information beyond the expected workforce reductions. British American Tobacco to cut 9,000 jobs

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on BATS shares. UBS Group reaffirmed a “buy” rating and issued a GBX 5,750 price objective on shares of British American Tobacco in a research note on Friday, May 29th. Jefferies Financial Group boosted their target price on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 4,758.33.

British American Tobacco Trading Up 0.1%

The business’s 50 day simple moving average is GBX 4,541.46 and its two-hundred day simple moving average is GBX 4,411.47. The stock has a market cap of £102.11 billion, a P/E ratio of 13.53, a PEG ratio of 3.12 and a beta of 0.12. The company has a quick ratio of 0.47, a current ratio of 0.87 and a debt-to-equity ratio of 74.60.

Insiders Place Their Bets

In other news, insider Serpil Timuray bought 47 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of GBX 4,372 per share, for a total transaction of £2,054.84. Also, insider Tadeu Marroco bought 6,036 shares of the company’s stock in a transaction on Friday, May 8th. The stock was purchased at an average price of GBX 4,426 per share, with a total value of £267,153.36. Insiders bought a total of 11,500 shares of company stock valued at $50,239,654 over the last quarter. 0.12% of the stock is owned by corporate insiders.

About British American Tobacco

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.