British American Tobacco (LON:BATS) Reaches New 12-Month High – What’s Next?

British American Tobacco p.l.c. (LON:BATS) hit a new 52-week high on Monday . The company traded as high as GBX 4,673 and last traded at GBX 4,630.79, with a volume of 41040918 shares changing hands. The stock had previously closed at GBX 4,635.13.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,200 target price on shares of British American Tobacco in a report on Tuesday, January 20th. Citigroup lifted their price target on shares of British American Tobacco from GBX 4,450 to GBX 4,850 and gave the stock a “buy” rating in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft upped their price target on British American Tobacco from GBX 4,400 to GBX 4,900 and gave the company a “buy” rating in a report on Friday, November 28th. Finally, JPMorgan Chase & Co. raised their price objective on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of GBX 4,500.

British American Tobacco Stock Performance

The firm’s 50 day simple moving average is GBX 4,335.90 and its 200-day simple moving average is GBX 4,185.85. The company has a market capitalization of £98.45 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 3.12 and a beta of 0.06. The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87.

British American Tobacco (LON:BATS) last issued its quarterly earnings results on Thursday, February 12th. The company reported GBX 176.76 earnings per share for the quarter. British American Tobacco had a return on equity of 16.33% and a net margin of 30.23%. Analysts expect that British American Tobacco p.l.c. will post 361.5079365 EPS for the current year.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.