British American Tobacco (BATS) Stock Price Down 2.4%

British American Tobacco plc (LON:BATS)’s share price traded down 2.4% on Thursday . The company traded as low as GBX 4,924.50 ($66.28) and last traded at GBX 4,924.50 ($66.28). 3,183,144 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 3,250,000 shares. The stock had previously closed at GBX 5,045.15 ($67.90).

A number of equities analysts have weighed in on 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 research note on Wednesday. Royal Bank of Canada set a GBX 4,800 ($64.60) target price on British American Tobacco and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Group restated a “buy” rating and issued a GBX 5,900 ($79.41) target price on shares of British American Tobacco in a research note on Friday, December 8th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco in a research note on Tuesday, December 5th. 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 research note on Tuesday, October 10th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 5,619 ($75.63).

The firm also recently disclosed a dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, December 28th will be issued a GBX 43.60 ($0.59) dividend. This represents a yield of 0.88%. The ex-dividend date is Thursday, December 28th.

In other news, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of GBX 4,951 ($66.64), for a total value of £445,243.43 ($599,250.92). Also, insider Naresh Sethi sold 7,035 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of GBX 4,898 ($65.92), for a total value of £344,574.30 ($463,760.83). In the last quarter, insiders acquired 3,025 shares of company stock valued at $15,072,218.

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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).

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