Citigroup Inc. Reiterates Buy Rating for British American Tobacco plc (LON:BATS)
Citigroup Inc. restated their buy rating on shares of British American Tobacco plc (LON:BATS) in a research note issued to investors on Friday morning. They currently have a GBX 6,400 ($84.42) price objective on the stock.
A number of other equities research analysts also recently weighed in on BATS. UBS AG set a GBX 5,670 ($74.79) price target on British American Tobacco plc and gave the stock a buy rating in a research note on Thursday, July 13th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 6,100 ($80.46) price target on shares of British American Tobacco plc in a research note on Thursday, June 29th. Whitman Howard reaffirmed a hold rating and set a GBX 5,300 ($69.91) price target on shares of British American Tobacco plc in a research note on Thursday, July 20th. Berenberg Bank reaffirmed a buy rating and set a GBX 5,670 ($74.79) price target on shares of British American Tobacco plc in a research note on Tuesday, May 23rd. Finally, Jefferies Group LLC raised their price target on British American Tobacco plc from GBX 5,800 ($76.51) to GBX 6,600 ($87.06) and gave the stock a buy rating in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of GBX 5,627.06 ($74.23).
Shares of British American Tobacco plc (LON BATS) opened at 4787.00 on Friday. The stock’s market cap is GBX 88.94 billion. British American Tobacco plc has a one year low of GBX 4,237.00 and a one year high of GBX 5,643.60. The stock’s 50 day moving average price is GBX 5,325.92 and its 200-day moving average price is GBX 5,225.62.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/citigroup-inc-reiterates-buy-rating-for-british-american-tobacco-plc-lonbats/1464796.html.
The business also recently disclosed a dividend, which will be paid on Thursday, September 28th. Stockholders of record on Thursday, August 17th will be issued a dividend of GBX 56.50 ($0.75) per share. This represents a dividend yield of 1.06%. The ex-dividend date of this dividend is Thursday, August 17th.
In other British American Tobacco plc news, insider Ricardo Oberlander sold 6,719 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($70.85), for a total value of £360,877.49 ($476,028.87). Also, insider Alan Davy bought 21 shares of the stock in a transaction on Monday, July 10th. The stock was acquired at an average cost of GBX 5,203 ($68.63) per share, for a total transaction of £1,092.63 ($1,441.27). In the last three months, insiders have bought 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).
Receive News & Ratings for British American Tobacco plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco plc and related companies with Analyst Ratings Network's FREE daily email newsletter.