British American Tobacco (LON:BATS) Sets New 52-Week High – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,809 and last traded at GBX 4,789, with a volume of 68723219 shares traded. The stock had previously closed at GBX 4,634.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,200 price target on shares of British American Tobacco in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 4,500.

British American Tobacco Stock Performance

The stock has a market cap of £104.01 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 3.12 and a beta of 0.12. The stock’s 50 day moving average is GBX 4,351.40 and its two-hundred day moving average is GBX 4,293.71. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 74.60.

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 net margin of 30.23% and a return on equity of 16.33%. Analysts anticipate that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current fiscal year.

Insider Transactions at British American Tobacco

In other British American Tobacco news, insider Tadeu Marroco sold 9,383 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of GBX 4,284, for a total value of £401,967.72. Over the last 90 days, insiders have acquired 6,450 shares of company stock valued at $28,491,382. Insiders own 0.12% of the company’s stock.

About British American Tobacco

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.