British American Tobacco’s (BATS) Buy Rating Reiterated at Citigroup

Citigroup reiterated their buy rating on shares of British American Tobacco (LON:BATS) in a research note issued to investors on Tuesday.

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).

The company also recently announced a dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, December 28th will be issued a GBX 43.60 ($0.59) dividend. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 0.88%.

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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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