Shares of British American Tobacco p.l.c. (NYSE:BTI) have been assigned an average rating of “Buy” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $79.00.

Several brokerages have recently issued reports on BTI. Goldman Sachs Group, Inc. (The) raised British American Tobacco p.l.c. from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Cowen and Company raised British American Tobacco p.l.c. from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research downgraded British American Tobacco p.l.c. from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. J P Morgan Chase & Co reaffirmed an “overweight” rating on shares of British American Tobacco p.l.c. in a research report on Wednesday, August 9th. Finally, Investec raised British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a research report on Friday, August 4th.

Shares of British American Tobacco p.l.c. (BTI) traded down 0.30% on Friday, reaching $64.19. The company had a trading volume of 1,274,326 shares. The firm has a market capitalization of $119.27 billion, a PE ratio of 21.41 and a beta of 1.06. The company has a 50-day moving average price of $63.14 and a 200-day moving average price of $66.64. British American Tobacco p.l.c. has a 52-week low of $52.71 and a 52-week high of $73.41.

The company also recently announced a None dividend, which was paid on Tuesday, October 3rd. Investors of record on Friday, August 18th were given a dividend of $0.728 per share. This represents a yield of 2.28%. The ex-dividend date was Wednesday, August 16th.

WARNING: This news story was first posted by Watch List News and is owned by of Watch List News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.watchlistnews.com/brokerages-set-british-american-tobacco-p-l-c-bti-pt-at-79-00/1644257.html.

Hedge funds have recently added to or reduced their stakes in the stock. D. Scott Neal Inc. acquired a new stake in British American Tobacco p.l.c. during the third quarter worth about $106,000. Smith Shellnut Wilson LLC ADV acquired a new stake in British American Tobacco p.l.c. during the second quarter worth about $221,000. FTB Advisors Inc. grew its position in British American Tobacco p.l.c. by 10.7% during the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares in the last quarter. Grove Bank & Trust grew its position in British American Tobacco p.l.c. by 50.2% during the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in British American Tobacco p.l.c. during the second quarter worth about $170,000. 4.66% of the stock is currently owned by institutional investors and hedge funds.

About British American Tobacco p.l.c.

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)

Receive News & Ratings for British American Tobacco p.l.c. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco p.l.c. and related companies with Analyst Ratings Network's FREE daily email newsletter.