British American Tobacco (LON:BATS) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

British American Tobacco p.l.c. (LON:BATS)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Analyst Upgrades and Downgrades

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

British American Tobacco Stock Performance

The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87. The business has a fifty day simple moving average of GBX 4,426.42 and a 200 day simple moving average of GBX 4,214.73. The stock has a market cap of £95.58 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 3.12 and a beta of 0.07.

British American Tobacco (LON:BATS) last released its quarterly earnings results on Thursday, February 12th. The company reported GBX 176.76 earnings per share 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 anticipate that British American Tobacco p.l.c. will post 361.5079365 EPS for the current year.

Insiders Place Their Bets

In related news, insider Tadeu Marroco sold 9,383 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of GBX 4,284, for a total value of £401,967.72. Over the last three months, insiders have bought 11 shares of company stock valued at $47,702. Insiders own 0.12% of the company’s stock.

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.