British American Tobacco (BATS) PT Set at GBX 5,500 by Goldman Sachs Group

Goldman Sachs Group set a GBX 5,500 ($74.59) price target on British American Tobacco (LON:BATS) in a research report report published on Wednesday. The firm currently has a buy rating on the stock.

Several other analysts also recently commented on the company. DZ Bank restated a neutral rating on shares of British American Tobacco in a research note on Tuesday. Berenberg Bank raised their target price on British American Tobacco from GBX 5,575 ($75.60) to GBX 5,720 ($77.57) and gave the company a buy rating in a research note on Tuesday, December 19th. Royal Bank of Canada set a GBX 4,800 ($65.09) price target on shares of British American Tobacco and gave the company a neutral rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 5,610 ($76.08) price target on shares of British American Tobacco in a research report on Wednesday, December 13th. Finally, UBS Group set a GBX 5,800 ($78.65) price target on shares of British American Tobacco and gave the company a buy rating in a research report on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of GBX 5,628.67 ($76.33).

Shares of British American Tobacco (LON BATS) traded down GBX 82 ($1.11) on Wednesday, hitting GBX 4,968 ($67.37). The stock had a trading volume of 4,642,136 shares, compared to its average volume of 3,030,000. The firm has a market cap of $113,950.00 and a P/E ratio of 2,188.55. British American Tobacco has a 12 month low of GBX 4,064 ($55.11) and a 12 month high of GBX 5,643.60 ($76.53).

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

In other British American Tobacco news, insider Ricardo Oberlander sold 6,000 shares of British American Tobacco stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($67.81), for a total transaction of £300,000 ($406,834.83). Also, insider Andrew Gray sold 8,993 shares of British American Tobacco stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of GBX 4,951 ($67.14), for a total transaction of £445,243.43 ($603,801.78). In the last three months, insiders have acquired 2,989 shares of company stock worth $14,899,415.

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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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