UBS set a GBX 5,800 ($78.06) target price on British American Tobacco (LON:BATS) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the stock.

BATS has been the topic of several other research reports. Goldman Sachs Group cut their price objective on shares of British American Tobacco from GBX 5,400 ($72.68) to GBX 5,340 ($71.87) and set a neutral rating on the stock in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a buy rating and set a GBX 6,000 ($80.75) price objective on shares of British American Tobacco in a research report on Thursday, October 5th. Berenberg Bank cut their price objective on shares of British American Tobacco from GBX 5,670 ($76.31) to GBX 5,500 ($74.02) and set a buy rating on the stock in a research report on Friday, October 6th. J P Morgan Chase & Co lifted their price target on shares of British American Tobacco from GBX 5,420 ($72.95) to GBX 5,610 ($75.50) and gave the company an overweight rating in a research report on Wednesday, August 23rd. Finally, Citigroup reissued a buy rating and issued a GBX 5,800 ($78.06) price target on shares of British American Tobacco in a research report on Thursday, October 26th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of GBX 5,619 ($75.63).

Shares of British American Tobacco (LON BATS) traded down GBX 120.65 ($1.62) on Wednesday, reaching GBX 4,924.50 ($66.28). 3,183,144 shares of the company traded hands, compared to its average volume of 3,250,000. British American Tobacco has a 52-week low of GBX 4,410 ($59.35) and a 52-week high of GBX 5,643.60 ($75.96).

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

In related news, insider Alan Davy acquired 36 shares of the business’s stock in a transaction on Monday, October 9th. The stock was bought at an average cost of GBX 4,816 ($64.82) per share, with a total value of £1,733.76 ($2,333.46). Also, insider Andrew Gray sold 8,993 shares of British American Tobacco stock in a transaction on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($66.64), for a total value of £445,243.43 ($599,250.92). In the last 90 days, insiders bought 3,025 shares of company stock worth $15,072,218.

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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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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