British American Tobacco (LON:BATS) had its price objective boosted by stock analysts at Jefferies Group from GBX 5,800 ($80.13) to GBX 6,000 ($82.90) in a research note issued to investors on Monday, March 12th. The brokerage currently has a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 45.54% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the stock. Citigroup reissued a “buy” rating on shares of British American Tobacco in a research report on Tuesday, January 16th. UBS set a GBX 5,800 ($80.13) price objective on shares of British American Tobacco and gave the company a “buy” rating in a research report on Monday, November 13th. DZ Bank reaffirmed a “neutral” rating on shares of British American Tobacco in a report on Tuesday, January 9th. Royal Bank of Canada set a GBX 4,800 ($66.32) target price on shares of British American Tobacco and gave the stock a “neutral” rating in a report on Thursday, February 22nd. Finally, Goldman Sachs dropped their target price on shares of British American Tobacco from GBX 5,850 ($80.82) to GBX 5,400 ($74.61) and set a “buy” rating for the company in a report on Monday, March 5th. Seven equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. British American Tobacco presently has a consensus rating of “Buy” and a consensus price target of GBX 5,569.12 ($76.94).
Shares of BATS stock opened at GBX 4,122.50 ($56.96) on Monday. 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). The company has a market cap of $96,990.00 and a P/E ratio of 324.86.
In related news, insider Ricardo Oberlander sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The shares were 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 acquired 4,000 shares of British American Tobacco stock in a transaction that occurred on Thursday, February 22nd. The stock was purchased at an average cost of GBX 4,236 ($58.52) per share, for a total transaction of £169,440 ($234,097.82).
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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 and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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