British American Tobacco (LON:BATS) Announces Earnings Results

British American Tobacco (LON:BATS) announced its earnings results on Thursday. The company reported GBX 176.76 earnings per share for the quarter, Digital Look Earnings reports. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%.

British American Tobacco Stock Down 1.0%

LON:BATS traded down GBX 45.62 on Thursday, reaching GBX 4,380.38. The stock had a trading volume of 1,888,662,625 shares, compared to its average volume of 66,505,539. The company has a 50-day moving average of GBX 4,285.10 and a 200 day moving average of GBX 4,153.05. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The stock has a market cap of £95.04 billion, a P/E ratio of 31.45, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27. British American Tobacco has a 12-month low of GBX 2,916 and a 12-month high of GBX 4,806.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of British American Tobacco from GBX 4,400 to GBX 4,900 and gave the stock a “buy” rating in a research note on Friday, November 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,200 price objective on shares of British American Tobacco in a research report on Tuesday, January 20th. JPMorgan Chase & Co. upped their target price on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the company a “neutral” rating in a research note on Wednesday, November 26th. Finally, Citigroup raised their price target on British American Tobacco from GBX 4,450 to GBX 4,850 and gave the stock a “buy” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, British American Tobacco currently has a consensus rating of “Hold” and an average target price of GBX 4,500.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.