British American Tobacco plc’s (LON:BATS) “Hold” Rating Reaffirmed at Whitman Howard
Whitman Howard reissued their hold rating on shares of British American Tobacco plc (LON:BATS) in a report issued on Thursday morning. They currently have a GBX 5,300 ($69.05) target price on the stock.
Other analysts have also issued research reports about the stock. UBS AG set a GBX 5,300 ($69.05) target price on shares of British American Tobacco plc and gave the stock a buy rating in a research report on Wednesday, April 19th. Investec restated a hold rating and set a GBX 5,500 ($71.65) target price on shares of British American Tobacco plc in a research report on Wednesday, July 12th. Berenberg Bank restated a buy rating and set a GBX 5,670 ($73.87) target price on shares of British American Tobacco plc in a research report on Monday, May 15th. Barclays PLC restated an equal weight rating and set a GBX 5,200 ($67.74) target price on shares of British American Tobacco plc in a research report on Friday, March 31st. Finally, Credit Suisse Group restated an outperform rating and set a GBX 6,100 ($79.47) target price on shares of British American Tobacco plc in a research report on Tuesday, May 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of GBX 5,609.41 ($73.08).
Shares of British American Tobacco plc (LON:BATS) opened at 4765.00 on Thursday. The stock’s market cap is GBX 88.53 billion. The stock’s 50 day moving average is GBX 5,348.27 and its 200 day moving average is GBX 5,218.05. British American Tobacco plc has a 52-week low of GBX 4,237.00 and a 52-week high of GBX 5,643.60.
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The business also recently declared a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be issued a GBX 56.50 ($0.74) dividend. The ex-dividend date is Thursday, August 17th. This represents a dividend yield of 1.06%.
In related news, insider Jack Bowles purchased 75,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were bought at an average price of GBX 5,296 ($68.99) per share, for a total transaction of £3,972,000 ($5,174,570.09). Also, insider Ricardo Oberlander sold 6,719 shares of British American Tobacco plc stock in a transaction on Friday, May 12th. The shares were sold at an average price of GBX 5,371 ($69.97), for a total transaction of £360,877.49 ($470,137.43). In the last quarter, insiders acquired 84,029 shares of company stock worth $446,734,832.
About British American Tobacco plc
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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