British American Tobacco (BATS) PT Set at GBX 5,500 by Goldman Sachs Group
British American Tobacco (LON:BATS) has been assigned a GBX 5,500 ($74.59) target price by equities researchers at Goldman Sachs Group in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 10.48% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. Jefferies Group reduced their price target on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,900 ($80.01) and set a “buy” rating for the company in a report on Friday, November 17th. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 5,610 ($76.08) price target on shares of British American Tobacco in a report on Friday, October 20th. Credit Suisse Group reduced their price target on shares of British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an “outperform” rating for the company in a report on Tuesday, October 10th. Deutsche Bank reissued a “buy” rating and issued a GBX 6,000 ($81.37) price target on shares of British American Tobacco in a report on Tuesday, November 21st. Finally, UBS Group set a GBX 5,800 ($78.65) price target on shares of British American Tobacco and gave the company a “buy” rating in a report on Monday, November 13th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and an average target price of GBX 5,628.67 ($76.33).
Shares of British American Tobacco (LON BATS) opened at GBX 4,978.50 ($67.51) on Wednesday. The stock has a market cap of $113,750.00 and a price-to-earnings ratio of 2,193.17. British American Tobacco has a 1-year low of GBX 4,064 ($55.11) and a 1-year high of GBX 5,643.60 ($76.53).
In other news, insider Tadeu Marroco bought 2,980 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was acquired at an average price of GBX 4,985 ($67.60) per share, for a total transaction of £148,553 ($201,455.11). Also, insider Ricardo Oberlander sold 6,000 shares of the stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($67.81), for a total transaction of £300,000 ($406,834.83). Insiders have bought a total of 2,989 shares of company stock valued at $14,899,415 over the last ninety days.
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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