British American Tobacco (BATS) Earns Buy Rating from Jefferies Group

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.

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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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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