Royal Bank of Canada Analysts Give British American Tobacco (BATS) a GBX 4,800 Price Target
British American Tobacco (LON:BATS) received a GBX 4,800 ($64.60) target price from research analysts at Royal Bank of Canada in a report issued on Wednesday. The brokerage currently has a “neutral” rating on the stock. Royal Bank of Canada’s price target points to a potential downside of 4.55% from the stock’s previous close.
Other research analysts also recently issued reports about the company. UBS set a GBX 5,800 ($78.06) target price on British American Tobacco and gave the stock a “buy” rating in a report on Wednesday. J P Morgan Chase & Co set a GBX 5,610 ($75.50) target price on British American Tobacco and gave the stock a “buy” rating in a report on Wednesday. Deutsche Bank reissued a “buy” rating and issued a GBX 6,000 ($80.75) target price on shares of British American Tobacco in a report on Thursday, October 26th. Berenberg Bank boosted their target price on British American Tobacco from GBX 5,500 ($74.02) to GBX 5,575 ($75.03) and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, Goldman Sachs Group set a GBX 5,500 ($74.02) target price on British American Tobacco and gave the stock a “buy” rating in a report on Thursday, October 26th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of GBX 5,619 ($75.63).
Shares of British American Tobacco (LON:BATS) traded down GBX 15 ($0.20) on Wednesday, hitting GBX 5,029 ($67.69). The stock had a trading volume of 2,399,853 shares, compared to its average volume of 3,320,000. British American Tobacco has a fifty-two week low of GBX 4,345.50 ($58.49) and a fifty-two week high of GBX 5,643.60 ($75.96).
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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