Citigroup reiterated their buy rating on shares of British American Tobacco (LON:BATS) in a research report sent to investors on Friday morning. They currently have a GBX 6,000 ($82.90) target price on the stock.
Other research analysts also recently issued research reports about the company. Berenberg Bank boosted their target price on British American Tobacco from GBX 5,500 ($75.99) to GBX 5,575 ($77.02) and gave the company a buy rating in a research note on Wednesday, November 22nd. Deutsche Bank restated a buy rating and issued a GBX 6,000 ($82.90) target price on shares of British American Tobacco in a research note on Tuesday, November 21st. Jefferies Group lowered their target price on British American Tobacco from GBX 6,100 ($84.28) to GBX 5,900 ($81.51) and set a buy rating on the stock in a research note on Friday, November 17th. UBS Group set a GBX 5,800 ($80.13) target price on British American Tobacco and gave the company a buy rating in a research note on Monday, November 13th. Finally, Societe Generale restated a buy rating and issued a GBX 5,800 ($80.13) target price on shares of British American Tobacco in a research note on Thursday, November 9th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 5,614.71 ($77.57).
British American Tobacco (LON:BATS) opened at GBX 4,464.50 ($61.68) on Friday. British American Tobacco has a 52 week low of GBX 4,064 ($56.15) and a 52 week high of GBX 5,643.60 ($77.97). The company has a market capitalization of $102,400.00 and a PE ratio of 351.81.
In other British American Tobacco news, insider Ricardo Oberlander sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($69.08), for a total value of £300,000 ($414,479.14). Also, insider Richard Burrows purchased 4,000 shares of British American Tobacco stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of GBX 4,236 ($58.52) per share, with a total value of £169,440 ($234,097.82). Insiders acquired 4,006 shares of company stock valued at $16,973,454 in the last ninety days.
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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