Jefferies Group LLC Analysts Give British American Tobacco p.l.c. (BTI) a $78.00 Price Target

British American Tobacco p.l.c. (NYSE:BTI) has been given a $78.00 price objective by stock analysts at Jefferies Group LLC in a report issued on Saturday. The firm presently has a “buy” rating on the stock. Jefferies Group LLC’s price target points to a potential upside of 17.86% from the company’s previous close. Jefferies Group also issued estimates for British American Tobacco p.l.c.’s FY2017 earnings at $3.75 EPS.

Several other equities analysts have also weighed in on BTI. Piper Jaffray Companies restated a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. SBG Securities upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Monday, July 31st. UBS AG reiterated a “buy” rating on shares of British American Tobacco p.l.c. in a report on Tuesday, August 1st. J P Morgan Chase & Co reiterated an “overweight” rating on shares of British American Tobacco p.l.c. in a report on Thursday, August 3rd. Finally, Investec upgraded shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $71.25.

British American Tobacco p.l.c. (BTI) opened at $66.18 on Friday. British American Tobacco p.l.c. has a twelve month low of $53.51 and a twelve month high of $73.41. The company has a quick ratio of 0.48, a current ratio of 0.87 and a debt-to-equity ratio of 1.91.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. BB&T Investment Services Inc. raised its holdings in shares of British American Tobacco p.l.c. by 625.6% during the third quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after acquiring an additional 1,395 shares during the period. Delta Asset Management LLC TN raised its holdings in shares of British American Tobacco p.l.c. by 908.6% during the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock worth $102,000 after acquiring an additional 1,472 shares during the period. D. Scott Neal Inc. acquired a new stake in shares of British American Tobacco p.l.c. during the third quarter worth $106,000. Krilogy Financial LLC acquired a new stake in shares of British American Tobacco p.l.c. during the third quarter worth $106,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of British American Tobacco p.l.c. during the third quarter worth $109,000. Institutional investors own 5.39% of the company’s stock.

About British American Tobacco p.l.c.

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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