J P Morgan Chase & Co reiterated their overweight rating on shares of British American Tobacco (LON:BATS) in a report published on Wednesday morning. They currently have a GBX 5,610 ($75.50) price objective on the stock.

Other analysts also recently issued research reports about the company. Goldman Sachs Group set a GBX 5,500 ($74.02) price target on British American Tobacco and gave the company a buy rating in a research note on Thursday, October 26th. Deutsche Bank reissued a buy rating and issued a GBX 6,000 ($80.75) price objective on shares of British American Tobacco in a report on Thursday, October 26th. Jefferies Group decreased their price objective on British American Tobacco from GBX 6,500 ($87.48) to GBX 6,100 ($82.10) and set a buy rating for the company in a report on Friday, October 6th. Berenberg Bank decreased their price objective on British American Tobacco from GBX 5,670 ($76.31) to GBX 5,500 ($74.02) and set a buy rating for the company in a report on Friday, October 6th. Finally, Citigroup reissued a buy rating and issued a GBX 5,800 ($78.06) price objective on shares of British American Tobacco in a report on Thursday, October 26th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of GBX 5,619 ($75.63).

British American Tobacco (LON BATS) traded up GBX 42.50 ($0.57) during trading on Wednesday, reaching GBX 4,967 ($66.85). The company’s stock had a trading volume of 6,406,250 shares, compared to its average volume of 3,250,000. British American Tobacco has a twelve month low of GBX 4,410 ($59.35) and a twelve month high of GBX 5,643.60 ($75.96).

The firm also recently declared a dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, December 28th will be issued a GBX 43.60 ($0.59) dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 0.88%.

In other British American Tobacco news, insider Naresh Sethi sold 7,035 shares of the business’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of GBX 4,898 ($65.92), for a total transaction of £344,574.30 ($463,760.83). Also, insider Tadeu Marroco acquired 2,980 shares of the business’s stock in a transaction on Friday, November 17th. The shares were purchased at an average price of GBX 4,985 ($67.09) per share, with a total value of £148,553 ($199,936.74). Insiders purchased a total of 3,025 shares of company stock valued at $15,072,218 in the last ninety days.

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British American Tobacco Company Profile

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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