Piper Jaffray Companies cut shares of British American Tobacco (NYSE:BTI) from an overweight rating to a neutral rating in a research report released on Thursday morning, Briefing.com Automated Import reports. Piper Jaffray Companies also issued estimates for British American Tobacco’s FY2019 earnings at $3.96 EPS and FY2020 earnings at $4.23 EPS.
BTI has been the topic of a number of other research reports. Morgan Stanley began coverage on shares of in a research note on Monday, June 17th. They set an equal weight rating and a GBX 215 ($2.81) price objective on the stock. Citigroup lowered shares of OIL SEARCH LTD/ADR from a neutral rating to a sell rating in a research note on Thursday, March 28th. Finally, Zacks Investment Research upgraded shares of DLH from a sell rating to a hold rating in a research note on Tuesday, July 9th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. British American Tobacco presently has an average rating of Hold and a consensus target price of $53.00.
BTI opened at $36.29 on Thursday. The firm’s 50 day moving average price is $36.41. British American Tobacco has a 52-week low of $30.67 and a 52-week high of $55.77. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.77.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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