British American Tobacco (LON:BATS) has been assigned a GBX 5,500 ($74.02) price objective by equities researchers at Goldman Sachs Group in a report released on Monday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential upside of 9.04% from the company’s current price.

A number of other research analysts also recently issued reports on BATS. Deutsche Bank restated a “buy” rating and set a GBX 6,000 ($80.75) price target on shares of British American Tobacco in a report on Thursday, October 26th. Berenberg Bank boosted their price target on British American Tobacco from GBX 5,500 ($74.02) to GBX 5,575 ($75.03) and gave the company a “buy” rating in a report on Wednesday, November 22nd. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 5,610 ($75.50) price target on shares of British American Tobacco in a report on Thursday, October 26th. UBS set a GBX 5,670 ($76.31) price target on British American Tobacco and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, Jefferies Group restated a “buy” rating and set a GBX 5,900 ($79.41) price target on shares of British American Tobacco in a report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of GBX 5,677.50 ($76.41).

Shares of British American Tobacco (LON:BATS) opened at GBX 5,044 ($67.89) on Monday. British American Tobacco has a 52 week low of GBX 4,345.50 ($58.49) and a 52 week high of GBX 5,643.60 ($75.96).

In related news, insider Naresh Sethi sold 7,035 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of GBX 4,898 ($65.92), for a total value of £344,574.30 ($463,760.83). Also, insider Andrew Gray sold 8,993 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($66.64), for a total transaction of £445,243.43 ($599,250.92). In the last 90 days, insiders have bought 3,025 shares of company stock valued at $15,072,218.

ILLEGAL ACTIVITY NOTICE: This article was originally published by Watch List News and is the property of of Watch List News. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.watchlistnews.com/british-american-tobacco-bats-given-a-gbx-5500-price-target-by-goldman-sachs-group-analysts/1760347.html.

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).

Analyst Recommendations for British American Tobacco (LON:BATS)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.