JPMorgan Chase & Co. reiterated their overweight rating on shares of British American Tobacco plc (LON:BATS) in a research report released on Thursday morning. JPMorgan Chase & Co. currently has a GBX 5,220 ($64.60) target price on the stock.
Other equities analysts also recently issued reports about the stock. Societe Generale set a GBX 5,200 ($64.36) price target on shares of British American Tobacco plc and gave the company a neutral rating in a research note on Friday, July 29th. Deutsche Bank AG restated a buy rating and issued a GBX 4,500 ($55.69) price target on shares of British American Tobacco plc in a research note on Tuesday, June 21st. Berenberg Bank downgraded shares of British American Tobacco plc to a hold rating and upped their price target for the company from GBX 4,285 ($53.03) to GBX 4,840 ($59.90) in a research note on Thursday, July 7th. BNP Paribas restated a neutral rating and issued a GBX 4,300 ($53.22) price target on shares of British American Tobacco plc in a research note on Monday, June 27th. Finally, S&P Global Inc. set a GBX 4,800 ($59.41) price target on shares of British American Tobacco plc and gave the company a neutral rating in a research note on Thursday, July 28th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 4,863.15 ($60.19).
Shares of British American Tobacco plc (LON:BATS) opened at 4889.50 on Thursday. The firm has a 50-day moving average of GBX 4,825.35 and a 200 day moving average of GBX 4,525.34. The firm’s market cap is GBX 90.85 billion. British American Tobacco plc has a 52-week low of GBX 3,536.00 and a 52-week high of GBX 5,135.00.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 28th. Investors of record on Thursday, August 18th were issued a GBX 51.30 ($0.63) dividend. The ex-dividend date was Thursday, August 18th. This represents a yield of 1.07%.
In other news, insider Helmes,Marion bought 3,600 shares of the firm’s stock in a transaction on Friday, September 2nd. The stock was acquired at an average price of GBX 4,809 ($59.52) per share, with a total value of £173,124 ($214,262.38). Also, insider Jack Bowles sold 511 shares of the stock in a transaction that occurred on Thursday, August 18th. The shares were sold at an average price of GBX 4,840 ($59.90), for a total transaction of £24,732.40 ($30,609.41).
About British American Tobacco plc
British American Tobacco p.l.c. is a tobacco company. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA). The Company’s brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.
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