British American Tobacco (LON:BATS) Hits New 12-Month High – Still a Buy?

British American Tobacco p.l.c. (LON:BATS)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 4,460 and last traded at GBX 4,432, with a volume of 5349713 shares traded. The stock had previously closed at GBX 4,350.73.

Analysts Set New Price Targets

A number of research firms recently commented on BATS. JPMorgan Chase & Co. raised their price objective on shares of British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,200 target price on shares of British American Tobacco in a research report on Tuesday, January 20th. Deutsche Bank Aktiengesellschaft lifted their price target 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. Finally, Citigroup increased their price objective 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 issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, British American Tobacco has an average rating of “Hold” and an average target price of GBX 4,500.

British American Tobacco Trading Up 1.9%

The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.63. The business has a 50-day moving average of GBX 4,260.73 and a 200-day moving average of GBX 4,118.82. The stock has a market cap of £96.28 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.12 and a beta of 0.27.

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.