British American Tobacco (LON:BATS) Hits New 1-Year High – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS)’s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 4,876.92 and last traded at GBX 4,221, with a volume of 267698031 shares. The stock had previously closed at GBX 4,285.

Wall Street Analysts Forecast Growth

BATS has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on British American Tobacco from GBX 4,400 to GBX 4,900 and gave the company a “buy” rating in a report on Friday, November 28th. JPMorgan Chase & Co. raised their price target on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the company a “neutral” rating in a report on Wednesday, November 26th. Citigroup lifted their price target on British American Tobacco from GBX 4,450 to GBX 4,850 and gave the company a “buy” rating in a research note on Friday, November 28th. Finally, Royal Bank Of Canada cut British American Tobacco to an “underperform” rating and increased their price objective for the stock from GBX 3,000 to GBX 3,400 in a research report on Tuesday, September 2nd. Three 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’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 4,500.

British American Tobacco Stock Performance

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 firm has a market capitalization of £91.72 billion, a PE ratio of 30.28, a PEG ratio of 3.12 and a beta of 0.27. The stock’s 50 day moving average price is GBX 4,119.38 and its two-hundred day moving average price is GBX 3,970.84.

British American Tobacco Company Profile

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.