British American Tobacco (BATS) Trading 0% Higher After Analyst Upgrade
British American Tobacco plc (LON:BATS) traded up 0% during mid-day trading on Tuesday after Berenberg Bank raised their price target on the stock from GBX 5,575 to GBX 5,720. Berenberg Bank currently has a buy rating on the stock. British American Tobacco traded as high as GBX 5,037 ($67.79) and last traded at GBX 4,995 ($67.23). 4,966,218 shares changed hands during mid-day trading, an increase of 50% from the average session volume of 3,320,000 shares. The stock had previously closed at GBX 4,995 ($67.23).
Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada set a GBX 4,800 ($64.60) price objective on British American Tobacco and gave the stock a “neutral” rating in a report on Wednesday, December 13th. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 5,610 ($75.50) price objective on shares of British American Tobacco in a report on Wednesday, December 13th. UBS set a GBX 5,800 ($78.06) price objective on British American Tobacco and gave the stock a “buy” rating in a report on Wednesday, December 13th. Goldman Sachs Group set a GBX 5,500 ($74.02) price objective on British American Tobacco and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 5,900 ($79.41) price objective on shares of British American Tobacco in a report on Friday, December 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 5,628.67 ($75.76).
In other news, insider Tadeu Marroco purchased 2,980 shares of British American Tobacco stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of GBX 4,985 ($67.09) per share, with a total value of £148,553 ($199,936.74). Also, insider Alan Davy purchased 36 shares of British American Tobacco stock in a transaction dated Monday, October 9th. The shares were purchased at an average cost of GBX 4,816 ($64.82) per share, for a total transaction of £1,733.76 ($2,333.46). Over the last 90 days, insiders have bought 3,025 shares of company stock worth $15,072,218.
British American Tobacco Company Profile
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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