British American Tobacco (BATS) Given a GBX 5,500 Price Target by Goldman Sachs Group Analysts
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).
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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).
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