Several other equities analysts have also recently weighed in on the stock. Jefferies Group cut their target price on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,900 ($80.01) and set a buy rating for the company in a research note on Friday, November 17th. JPMorgan Chase & Co. reissued an overweight rating and issued a GBX 5,610 ($76.08) price objective on shares of British American Tobacco in a research note on Friday, October 20th. Credit Suisse Group dropped their price objective on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an outperform rating for the company in a research note on Tuesday, October 10th. Deutsche Bank reissued a buy rating and issued a GBX 6,000 ($81.37) price objective on shares of British American Tobacco in a research note on Tuesday, November 21st. Finally, UBS Group set a GBX 5,800 ($78.65) price objective on shares of British American Tobacco and gave the stock a buy rating in a research note on Monday, November 13th. Six analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. British American Tobacco currently has a consensus rating of Buy and a consensus target price of GBX 5,628.67 ($76.33).
British American Tobacco (BATS) traded up GBX 112 ($1.52) on Tuesday, reaching GBX 5,062 ($68.65). 4,187,041 shares of the company traded hands, compared to its average volume of 2,610,000. The stock has a market capitalization of $116,100.00 and a PE ratio of 2,229.96. British American Tobacco has a 52 week low of GBX 4,064 ($55.11) and a 52 week high of GBX 5,643.60 ($76.53).
In related news, insider Ricardo Oberlander sold 6,000 shares of British American Tobacco stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($67.81), for a total transaction of £300,000 ($406,834.83). Also, insider Andrew Gray sold 8,993 shares of British American Tobacco stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($67.14), for a total transaction of £445,243.43 ($603,801.78). Insiders bought a total of 2,989 shares of company stock valued at $14,899,415 in the last 90 days.
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About British American Tobacco
British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).
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