Shares of British American Tobacco p.l.c. (NYSE:BTI) have been assigned an average rating of “Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $74.00.

BTI has been the subject of several recent research reports. Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $69.00 price target for the company in a research report on Monday. Bank of America Corporation set a $79.00 price objective on British American Tobacco p.l.c. and gave the company a “buy” rating in a research note on Thursday, July 6th. SBG Securities raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Piper Jaffray Companies initiated coverage on British American Tobacco p.l.c. in a research note on Thursday, May 25th. They set an “overweight” rating and a $59.00 price target for the company. Finally, Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research note on Friday, August 4th.

Institutional investors have recently added to or reduced their stakes in the stock. Prospera Financial Services Inc purchased a new position in British American Tobacco p.l.c. during the second quarter valued at $378,000. Hays Advisory LLC raised its stake in British American Tobacco p.l.c. by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after buying an additional 199 shares during the period. Huntington National Bank raised its stake in British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after buying an additional 788 shares during the period. RB Capital Management LLC bought a new stake in British American Tobacco p.l.c. during the second quarter valued at approximately $306,000. Finally, United States Steel & Carnegie Pension Fund raised its stake in British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock valued at $42,206,000 after buying an additional 485,100 shares during the period. 4.65% of the stock is currently owned by institutional investors and hedge funds.

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Shares of British American Tobacco p.l.c. (BTI) traded down 0.66% during trading on Friday, reaching $61.50. The company’s stock had a trading volume of 1,921,596 shares. British American Tobacco p.l.c. has a 52 week low of $52.71 and a 52 week high of $73.41. The stock’s 50 day moving average price is $65.41 and its 200 day moving average price is $69.06. The company has a market cap of $114.27 billion, a PE ratio of 20.81 and a beta of 1.02.

The firm also recently disclosed a None dividend, which will be paid on Tuesday, October 3rd. Investors of record on Friday, August 18th will be given a $0.728 dividend. The ex-dividend date is Wednesday, August 16th. This represents a yield of 2.28%.

British American Tobacco p.l.c. 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).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

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