British American Tobacco (LON:BATS) received a GBX 5,650 ($78.06) price target from UBS Group in a research note issued on Wednesday, www.boersen-zeitung.de reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 25.89% from the company’s previous close.
Other analysts have also recently issued research reports about the company. Berenberg Bank upped their price objective 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 report on Wednesday, November 22nd. Deutsche Bank reissued a “buy” rating and set a GBX 6,000 ($82.90) price target on shares of British American Tobacco in a report on Tuesday, November 21st. Jefferies Group cut their price target on British American Tobacco from GBX 6,100 ($84.28) to GBX 5,900 ($81.51) and set a “buy” rating for the company in a report on Friday, November 17th. Societe Generale reissued a “buy” rating and set a GBX 5,800 ($80.13) price target on shares of British American Tobacco in a report on Thursday, November 9th. Finally, Goldman Sachs Group set a GBX 5,500 ($75.99) price target on British American Tobacco and gave the company a “buy” rating in a report on Monday, December 11th. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of GBX 5,675.33 ($78.41).
Shares of British American Tobacco (BATS) opened at GBX 4,488 ($62.01) on Wednesday. The company has a market capitalization of $101,690.00 and a price-to-earnings ratio of 1,977.09. British American Tobacco has a 1 year low of GBX 4,064 ($56.15) and a 1 year high of GBX 5,643.60 ($77.97).
In other news, insider Ricardo Oberlander sold 6,000 shares of the company’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).
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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).
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