Credit Suisse Group Reiterates “Outperform” Rating for British American Tobacco (BATS)
Credit Suisse Group reissued their outperform rating on shares of British American Tobacco (LON:BATS) in a report published on Monday morning. They currently have a GBX 5,800 ($81.45) target price on the stock.
Several other equities research analysts also recently weighed in on BATS. Goldman Sachs Group set a GBX 5,600 ($78.64) price target on shares of British American Tobacco and gave the company a buy rating in a research note on Thursday, January 25th. Investec reaffirmed a buy rating and issued a GBX 6,000 ($84.26) price target on shares of British American Tobacco in a research note on Monday. Jefferies Group decreased their price target on shares of British American Tobacco from GBX 6,500 ($91.28) to GBX 6,100 ($85.66) and set a buy rating for the company in a research note on Friday, October 6th. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,000 ($84.26) price target on shares of British American Tobacco in a research note on Tuesday, January 23rd. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 5,610 ($78.78) price target on shares of British American Tobacco in a research note on Friday, January 19th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 5,668.67 ($79.60).
Shares of British American Tobacco (LON:BATS) opened at GBX 4,761 ($66.86) on Monday. British American Tobacco has a 52 week low of GBX 4,064 ($57.07) and a 52 week high of GBX 5,643.60 ($79.25). The firm has a market cap of $109,530.00 and a price-to-earnings ratio of 2,097.36.
In other British American Tobacco news, insider Ricardo Oberlander sold 6,000 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($70.21), for a total value of £300,000 ($421,289.14). Also, insider Andrew Gray sold 8,993 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of GBX 4,951 ($69.53), for a total transaction of £445,243.43 ($625,254.08). Over the last three months, insiders have bought 2,986 shares of company stock valued at $14,884,754.
About British American Tobacco
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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