British American Tobacco (LON:BATS)‘s stock had its “buy” rating reissued by research analysts at Jefferies Group in a report released on Friday, December 8th. They currently have a GBX 5,900 ($78.89) price target on the stock. Jefferies Group’s price target suggests a potential upside of 19.43% from the stock’s previous close.
Other analysts have also recently issued reports about the stock. Deutsche Bank reaffirmed a “buy” rating and set a GBX 6,000 ($80.22) price objective on shares of British American Tobacco in a research note on Thursday, October 26th. Goldman Sachs Group set a GBX 5,500 ($73.54) target price on shares of British American Tobacco and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Berenberg Bank reduced their target price on shares of British American Tobacco from GBX 5,670 ($75.81) to GBX 5,500 ($73.54) and set a “buy” rating on the stock in a research report on Friday, October 6th. Citigroup restated a “buy” rating and issued a GBX 5,800 ($77.55) price objective on shares of British American Tobacco in a report on Thursday, October 26th. Finally, UBS Group set a GBX 5,670 ($75.81) price objective on shares of British American Tobacco and gave the company a “buy” rating in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. British American Tobacco presently has an average rating of “Buy” and an average target price of GBX 5,628.67 ($75.26).
British American Tobacco (LON BATS) traded down GBX 78 ($1.04) during midday trading on Friday, reaching GBX 4,940 ($66.05). 2,405,528 shares of the company were exchanged, compared to its average volume of 3,170,000. The company has a market capitalization of $113,260.00 and a PE ratio of 2,176.21. British American Tobacco has a twelve month low of GBX 4,064 ($54.34) and a twelve month high of GBX 5,643.60 ($75.46).
In related news, insider Alan Davy bought 36 shares of the business’s stock in a transaction dated Monday, October 9th. The stock was bought at an average price of GBX 4,816 ($64.39) per share, for a total transaction of £1,733.76 ($2,318.17). Also, insider Ricardo Oberlander sold 6,000 shares of British American Tobacco stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($66.85), for a total transaction of £300,000 ($401,123.14). In the last quarter, insiders acquired 3,025 shares of company stock valued at $15,072,218 and sold 22,028 shares valued at $108,981,773.
TRADEMARK VIOLATION WARNING: “British American Tobacco (BATS) Earns Buy Rating from Jefferies Group” was reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are accessing this report on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The legal version of this report can be read at https://www.truebluetribune.com/2018/01/03/british-american-tobaccos-bats-buy-rating-reiterated-at-jefferies-group.html.
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).
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.