British American Tobacco p.l.c. (BATS) Price Target Raised to GBX 5,575
British American Tobacco p.l.c. (LON:BATS) had its target price raised by Berenberg Bank from GBX 5,500 ($72.34) to GBX 5,575 ($73.33) in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have a buy rating on the stock.
A number of other brokerages have also recently issued reports on BATS. S&P Global set a GBX 5,600 ($73.66) price objective on shares of British American Tobacco and gave the company a neutral rating in a report on Thursday, July 27th. UBS AG set a GBX 5,670 ($74.58) price objective on shares of British American Tobacco and gave the company a buy rating in a report on Thursday, July 27th. Whitman Howard restated a hold rating and set a GBX 5,300 ($69.71) price objective on shares of British American Tobacco in a report on Thursday, July 27th. Credit Suisse Group restated an outperform rating and set a GBX 6,100 ($80.23) price objective on shares of British American Tobacco in a report on Friday, July 28th. Finally, Citigroup Inc. restated a buy rating and set a GBX 6,400 ($84.18) price objective on shares of British American Tobacco in a report on Friday, July 28th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average price target of GBX 5,677.50 ($74.67).
British American Tobacco (BATS) opened at GBX 5,004 ($65.82) on Wednesday. British American Tobacco has a 1-year low of GBX 4,251.39 ($55.92) and a 1-year high of GBX 5,643.60 ($74.23).
In other British American Tobacco news, insider Andrew Gray sold 8,993 shares of British American Tobacco stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($65.12), for a total value of £445,243.43 ($585,615.45). Also, insider Alan Davy purchased 36 shares of the business’s stock in a transaction on Monday, October 9th. The stock was bought at an average cost of GBX 4,816 ($63.34) per share, for a total transaction of £1,733.76 ($2,280.36). In the last ninety days, insiders acquired 3,025 shares of company stock worth $15,071,912.
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British American Tobacco Company Profile
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).
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