British American Tobacco (BATS) Rating Reiterated by Morgan Stanley
British American Tobacco (LON:BATS)‘s stock had its “overweight” rating reaffirmed by equities researchers at Morgan Stanley in a note issued to investors on Friday. They presently have a GBX 5,500 ($75.99) price objective on the stock. Morgan Stanley’s price target points to a potential upside of 41.57% from the company’s previous close.
Other analysts have also recently issued reports about the company. Deutsche Bank restated a “buy” rating and set a GBX 6,000 ($82.90) price target on shares of British American Tobacco in a report on Tuesday, January 23rd. UBS set a GBX 5,800 ($80.13) price target on British American Tobacco and gave the stock a “buy” rating in a report on Wednesday, December 13th. Goldman Sachs set a GBX 5,500 ($75.99) price target on British American Tobacco and gave the stock a “buy” rating in a report on Monday, December 11th. Jefferies Group restated a “buy” rating and set a GBX 5,900 ($81.51) price target on shares of British American Tobacco in a report on Friday, December 8th. Finally, Berenberg Bank boosted their price target on British American Tobacco from GBX 5,575 ($77.02) to GBX 5,720 ($79.03) and gave the stock a “buy” rating in a report on Tuesday, December 19th. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. British American Tobacco has a consensus rating of “Buy” and a consensus price target of GBX 5,569.12 ($76.94).
Shares of British American Tobacco (LON:BATS) opened at GBX 3,885 ($53.68) on Friday. The firm has a market capitalization of $96,990.00 and a PE ratio of 306.15. British American Tobacco has a twelve month low of GBX 4,064 ($56.15) and a twelve month high of GBX 5,643.60 ($77.97).
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British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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