British American Tobacco p.l.c. (NYSE:BTI) Receives Consensus Rating of “Moderate Buy” from Analysts

British American Tobacco p.l.c. (NYSE:BTI) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $51.00.

A number of research analysts have issued reports on the company. Citigroup reiterated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th.

Institutional Trading of British American Tobacco

Institutional investors have recently added to or reduced their stakes in the stock. First Command Advisory Services Inc. boosted its holdings in British American Tobacco by 1,386.7% in the fourth quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after acquiring an additional 416 shares during the last quarter. Glen Eagle Advisors LLC bought a new stake in British American Tobacco in the fourth quarter valued at approximately $26,000. Cary Street Partners Financial LLC bought a new stake in British American Tobacco in the second quarter valued at approximately $30,000. SHP Wealth Management bought a new stake in British American Tobacco in the fourth quarter valued at approximately $35,000. Finally, Cornerstone Planning Group LLC boosted its holdings in British American Tobacco by 141.2% in the fourth quarter. Cornerstone Planning Group LLC now owns 591 shares of the company’s stock valued at $36,000 after acquiring an additional 346 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

British American Tobacco Trading Down 1.4%

BTI stock opened at $61.86 on Wednesday. The business has a 50-day simple moving average of $61.06 and a 200 day simple moving average of $59.50. British American Tobacco has a 52 week low of $46.38 and a 52 week high of $67.30. The company has a quick ratio of 0.57, a current ratio of 0.87 and a debt-to-equity ratio of 0.66.

British American Tobacco Company Profile

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.