British American Tobacco plc (LON:BATS) Stock Rating Reaffirmed by Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of British American Tobacco plc (LON:BATS) in a research report released on Wednesday, August 9th. The firm currently has a GBX 6,500 ($84.38) target price on the stock.

BATS has been the subject of several other research reports. Investec restated a hold rating and set a GBX 5,500 ($71.40) price objective on shares of British American Tobacco plc in a research report on Wednesday, July 12th. Deutsche Bank AG restated a buy rating and set a GBX 6,000 ($77.89) price objective on shares of British American Tobacco plc in a research report on Monday, July 31st. Citigroup Inc. reiterated a buy rating and issued a GBX 6,000 ($77.89) price target on shares of British American Tobacco plc in a research report on Tuesday, May 9th. Whitman Howard reiterated a hold rating and issued a GBX 5,300 ($68.80) price target on shares of British American Tobacco plc in a research report on Thursday, April 13th. Finally, Credit Suisse Group reiterated an outperform rating and issued a GBX 6,100 ($79.19) price target on shares of British American Tobacco plc in a research report on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of GBX 5,638.24 ($73.20).

Shares of British American Tobacco plc (BATS) opened at 4752.00 on Wednesday. The stock has a 50 day moving average of GBX 5,116.88 and a 200-day moving average of GBX 5,230.91. The firm’s market cap is GBX 88.29 billion. British American Tobacco plc has a 1-year low of GBX 4,237.00 and a 1-year high of GBX 5,643.60.

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The company also recently announced a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be issued a GBX 56.50 ($0.73) dividend. The ex-dividend date is Thursday, August 17th. This represents a yield of 1.06%.

In other British American Tobacco plc news, insider Jack Bowles purchased 9,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were purchased at an average price of GBX 5,487 ($71.23) per share, for a total transaction of £493,830 ($641,087.89). Also, insider Alan Davy acquired 21 shares of the stock in a transaction on Monday, July 10th. The stock was purchased at an average cost of GBX 5,203 ($67.55) per share, with a total value of £1,092.63 ($1,418.45). Over the last quarter, insiders have bought 9,029 shares of company stock worth $49,533,494.

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).

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