British American Tobacco p.l.c. (BTI) Rating Increased to Buy at Goldman Sachs Group, Inc. (The)

British American Tobacco p.l.c. (NYSE:BTI) was upgraded by stock analysts at Goldman Sachs Group, Inc. (The) from a “neutral” rating to a “buy” rating in a research note issued on Monday.

BTI has been the subject of several other reports. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Bank of America Corporation set a $79.00 price target on British American Tobacco p.l.c. and gave the company a “buy” rating in a report on Thursday, July 6th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Cowen and Company upgraded British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Finally, Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. British American Tobacco p.l.c. has a consensus rating of “Buy” and a consensus target price of $69.00.

British American Tobacco p.l.c. (BTI) opened at 64.74 on Monday. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41. The firm’s 50-day moving average is $62.58 and its 200-day moving average is $66.74. The stock has a market capitalization of $120.29 billion, a P/E ratio of 21.59 and a beta of 1.06.

TRADEMARK VIOLATION NOTICE: “British American Tobacco p.l.c. (BTI) Rating Increased to Buy at Goldman Sachs Group, Inc. (The)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/british-american-tobacco-p-l-c-bti-rating-increased-to-buy-at-goldman-sachs-group-inc-the.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its holdings in British American Tobacco p.l.c. by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Grove Bank & Trust increased its holdings in British American Tobacco p.l.c. by 50.2% in the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares in the last quarter. Parallel Advisors LLC increased its holdings in British American Tobacco p.l.c. by 439.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares in the last quarter. Quantbot Technologies LP bought a new stake in British American Tobacco p.l.c. in the 2nd quarter worth about $170,000. Finally, Huntington National Bank increased i

BTI has been the subject of several other reports. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Bank of America Corporation set a $79.00 price target on British American Tobacco p.l.c. and gave the company a “buy” rating in a report on Thursday, July 6th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Wednesday, August 9th. Cowen and Company upgraded British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a report on Tuesday, September 26th. Finally, Investec upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. British American Tobacco p.l.c. has a consensus rating of “Buy” and a consensus target price of $69.00.

British American Tobacco p.l.c. (BTI) opened at 64.74 on Monday. British American Tobacco p.l.c. has a 12-month low of $52.71 and a 12-month high of $73.41. The firm’s 50-day moving average is $62.58 and its 200-day moving average is $66.74. The stock has a market capitalization of $120.29 billion, a P/E ratio of 21.59 and a beta of 1.06.

TRADEMARK VIOLATION NOTICE: “British American Tobacco p.l.c. (BTI) Rating Increased to Buy at Goldman Sachs Group, Inc. (The)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://ledgergazette.com/2017/10/11/british-american-tobacco-p-l-c-bti-rating-increased-to-buy-at-goldman-sachs-group-inc-the.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. FTB Advisors Inc. increased its holdings in British American Tobacco p.l.c. by 10.7% in the 2nd quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Grove Bank & Trust increased its holdings in British American Tobacco p.l.c. by 50.2% in the 2nd quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares in the last quarter. Parallel Advisors LLC increased its holdings in British American Tobacco p.l.c. by 439.0% in the 2nd quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares in the last quarter. Quantbot Technologies LP bought a new stake in British American Tobacco p.l.c. in the 2nd quarter worth about $170,000. Finally, Huntington National Bank increased its holdings in British American Tobacco p.l.c. by 41.1% in the 2nd quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares in the last quarter. Institutional investors own 4.65% of the company’s stock.

About British American Tobacco p.l.c.

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 p.l.c. (NYSE:BTI)

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