British American Tobacco (BTI) Lifted to “Buy” at Zacks Investment Research
Zacks Investment Research upgraded shares of British American Tobacco (NYSE:BTI) from a hold rating to a buy rating in a report published on Friday morning. Zacks Investment Research currently has $74.00 price objective on the stock.
According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “
BTI has been the topic of a number of other reports. BidaskClub cut shares of British American Tobacco from a sell rating to a strong sell rating in a research report on Saturday, August 19th. Jefferies Group set a $78.00 price target on shares of British American Tobacco and gave the company a buy rating in a research report on Saturday, November 18th. Goldman Sachs Group upgraded shares of British American Tobacco from a neutral rating to a buy rating in a research report on Monday, October 9th. Finally, Cowen upgraded shares of British American Tobacco from a market perform rating to an outperform rating in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have assigned a buy rating to the company. British American Tobacco currently has an average rating of Buy and a consensus price target of $77.00.
The business also recently disclosed a None dividend, which will be paid on Tuesday, February 13th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.581 per share. This represents a dividend yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.
Several large investors have recently added to or reduced their stakes in the company. Miles Capital Inc. boosted its stake in shares of British American Tobacco by 0.4% during the second quarter. Miles Capital Inc. now owns 4,922 shares of the company’s stock valued at $337,000 after purchasing an additional 20 shares during the period. National Asset Management Inc. lifted its stake in British American Tobacco by 1.2% in the second quarter. National Asset Management Inc. now owns 3,568 shares of the company’s stock worth $246,000 after acquiring an additional 44 shares during the period. Fiera Capital Corp lifted its stake in British American Tobacco by 1.8% in the second quarter. Fiera Capital Corp now owns 3,282 shares of the company’s stock worth $225,000 after acquiring an additional 59 shares during the period. Financial Counselors Inc. lifted its stake in British American Tobacco by 2.5% in the second quarter. Financial Counselors Inc. now owns 5,390 shares of the company’s stock worth $369,000 after acquiring an additional 131 shares during the period. Finally, FTB Advisors Inc. lifted its stake in British American Tobacco by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after acquiring an additional 174 shares during the period. 9.35% of the stock is owned by hedge funds and other institutional investors.
COPYRIGHT VIOLATION NOTICE: This piece was first reported by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/british-american-tobacco-bti-lifted-to-buy-at-zacks-investment-research/1770688.html.
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).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.