Jefferies Financial Group Issues Positive Forecast for British American Tobacco (LON:BATS) Stock Price

British American Tobacco (LON:BATS) had its price target lifted by equities researchers at Jefferies Financial Group from GBX 5,500 to GBX 5,600 in a note issued to investors on Thursday, London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 38.81% from the stock’s previous close.

A number of other analysts have also recently commented on BATS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 5,100 target price on shares of British American Tobacco in a report on Thursday. Royal Bank Of Canada lifted their price target on shares of British American Tobacco from GBX 3,600 to GBX 3,800 and gave the stock an “underperform” rating in a research note on Tuesday, August 11th. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 4,875.

British American Tobacco Price Performance

LON BATS opened at GBX 4,034.35 on Thursday. The stock has a market capitalization of £86.89 billion, a price-to-earnings ratio of 13.87, a PEG ratio of 3.12 and a beta of 0.11. British American Tobacco has a 1-year low of GBX 3,677 and a 1-year high of GBX 5,368. The company has a debt-to-equity ratio of 72.48, a current ratio of 0.84 and a quick ratio of 0.47. The business’s fifty day moving average price is GBX 4,249.09 and its 200-day moving average price is GBX 4,406.38.

British American Tobacco (LON:BATS) last posted its earnings results on Thursday, July 30th. The company reported GBX 203.60 earnings per share for the quarter. British American Tobacco had a return on equity of 13.38% and a net margin of 24.99%. On average, equities analysts predict that British American Tobacco will post 361.5079365 earnings per share for the current year.

Insider Transactions at British American Tobacco

In other British American Tobacco news, insider Matthew Wright purchased 5,500 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were acquired at an average cost of GBX 4,500 per share, with a total value of £247,500. Also, insider Tadeu Marroco acquired 377 shares of the stock in a transaction dated Monday, August 17th. The stock was acquired at an average price of GBX 4,214 per share, for a total transaction of £15,886.78. Over the last three months, insiders have acquired 5,884 shares of company stock worth $26,368,612. 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.