British American Tobacco (LON:BATS) Sets New 52-Week High – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,809 and last traded at GBX 4,789, with a volume of 68723219 shares trading hands. The stock had previously closed at GBX 4,634.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,200 price objective on shares of British American Tobacco in a research note on Thursday, April 16th. Three research 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. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 4,500.

British American Tobacco Trading Up 3.7%

The company’s fifty day moving average is GBX 4,351.40 and its two-hundred day moving average is GBX 4,293.71. The stock has a market cap of £104.01 billion, a price-to-earnings ratio of 13.77, 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.

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

Insider Buying and Selling

In related news, insider Tadeu Marroco purchased 6,036 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average cost of GBX 4,426 per share, for a total transaction of £267,153.36. In the last quarter, insiders have acquired 6,450 shares of company stock worth $28,491,382. 0.12% of the stock is owned by company 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.