British American Tobacco (LON:BATS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s Why

British American Tobacco p.l.c. (LON:BATS) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,455.37 and traded as high as GBX 4,600. British American Tobacco shares last traded at GBX 4,567, with a volume of 4,059,612 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BATS shares. Jefferies Financial Group boosted their price objective on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. UBS Group reiterated a “buy” rating and issued a GBX 5,750 target price on shares of British American Tobacco in a research report on Friday, May 29th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, British American Tobacco has an average rating of “Moderate Buy” and an average target price of GBX 4,758.33.

British American Tobacco Stock Up 1.5%

The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87. The stock’s fifty day simple moving average is GBX 4,587.92 and its two-hundred day simple moving average is GBX 4,460.36. The stock has a market capitalization of £96.06 billion, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 3.12 and a beta of 0.13.

Insiders Place Their Bets

In other British American Tobacco news, insider Serpil Timuray acquired 47 shares of British American Tobacco stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of GBX 4,372 per share, with a total value of £2,054.84. Also, insider Tadeu Marroco acquired 6,036 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was bought at an average price of GBX 4,426 per share, with a total value of £267,153.36. In the last quarter, insiders have bought 11,506 shares of company stock worth $50,267,032. 0.12% of the stock is owned by company insiders.

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.