British American Tobacco p.l.c. (NYSE:BTI) Stock Has Consensus Target Price of $68.10

Shares of British American Tobacco p.l.c. (NYSE:BTI) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $68.10.

Several analysts recently issued reports on BTI shares. BTIG Research began coverage on shares of British American Tobacco in a research note on Tuesday, July 21st. They set a “buy” rating for the company. Wall Street Zen cut British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings reissued a “buy (b)” rating on shares of British American Tobacco in a research note on Monday, August 31st. Morgan Stanley restated an “overweight” rating and issued a $68.10 target price on shares of British American Tobacco in a report on Monday, September 7th. Finally, Royal Bank Of Canada reiterated an “underperform” rating on shares of British American Tobacco in a report on Tuesday, August 11th.

British American Tobacco Stock Up 0.3%

Shares of NYSE:BTI opened at $53.03 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. British American Tobacco has a 1 year low of $49.88 and a 1 year high of $67.30. The business’s 50 day moving average price is $56.42 and its 200-day moving average price is $58.97.

British American Tobacco (NYSE:BTI) last announced its earnings results on Wednesday, July 29th. The company reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.21 by ($1.10). The business had revenue of $8.10 billion for the quarter, compared to the consensus estimate of $16.42 billion. On average, equities analysts anticipate that British American Tobacco will post 4.81 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. First Command Advisory Services Inc. lifted its stake in shares of British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock valued at $25,000 after purchasing an additional 416 shares during the last quarter. Glen Eagle Advisors LLC acquired a new stake in shares of British American Tobacco during the 4th quarter worth about $26,000. SHP Wealth Management purchased a new stake in British American Tobacco in the 4th quarter valued at about $35,000. Community Bank N.A. acquired a new position in British American Tobacco in the second quarter valued at about $55,000. Finally, Main Street Group LTD purchased a new position in British American Tobacco during the first quarter worth about $76,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Company Profile

British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.