British American Tobacco (BATS) Stock Rating Reaffirmed by Jefferies Group

British American Tobacco (LON:BATS)‘s stock had its “buy” rating reissued by stock analysts at Jefferies Group in a research report issued on Friday. They presently have a GBX 5,900 ($79.41) target price on the stock. Jefferies Group’s target price suggests a potential upside of 20.03% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Deutsche Bank reaffirmed a “buy” rating and set a GBX 6,000 ($80.75) target price on shares of British American Tobacco in a research report on Thursday, October 26th. J P Morgan Chase & Co reissued an “overweight” rating on shares of British American Tobacco in a research report on Tuesday. Berenberg Bank boosted their price target on British American Tobacco from GBX 5,500 ($74.02) to GBX 5,575 ($75.03) and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. UBS set a GBX 5,670 ($76.31) price target on British American Tobacco and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, Goldman Sachs Group set a GBX 5,500 ($74.02) price target on British American Tobacco and gave the stock a “buy” rating in a research report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 5,677.50 ($76.41).

British American Tobacco (LON BATS) opened at GBX 4,919.50 ($66.21) on Friday. British American Tobacco has a fifty-two week low of GBX 4,325.50 ($58.22) and a fifty-two week high of GBX 5,643.60 ($75.96).

In other news, insider Tadeu Marroco purchased 2,980 shares of the company’s stock in a transaction on Friday, November 17th. The shares were acquired at an average price of GBX 4,985 ($67.09) per share, for a total transaction of £148,553 ($199,936.74). Also, insider Naresh Sethi sold 7,035 shares of the business’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of GBX 4,898 ($65.92), for a total value of £344,574.30 ($463,760.83). In the last quarter, insiders have acquired 3,022 shares of company stock worth $15,057,497.

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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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