British American Tobacco (LON:BATS) had its price target lifted by Goldman Sachs Group from GBX 5,600 ($78.52) to GBX 5,850 ($82.02) in a research note issued to investors on Wednesday morning. They currently have a buy rating on the stock.
Several other brokerages have also commented on BATS. Berenberg Bank boosted their target price on shares of British American Tobacco from GBX 5,500 ($77.12) to GBX 5,575 ($78.17) and gave the stock a buy rating in a research report on Wednesday, November 22nd. Deutsche Bank reaffirmed a buy rating and set a GBX 6,000 ($84.13) price target on shares of British American Tobacco in a research note on Tuesday, January 23rd. Citigroup reaffirmed a buy rating on shares of British American Tobacco in a research note on Tuesday, January 16th. Royal Bank of Canada set a GBX 4,800 ($67.30) price target on British American Tobacco and gave the stock a neutral rating in a research note on Wednesday, December 13th. Finally, JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 5,610 ($78.66) price target on shares of British American Tobacco in a research note on Wednesday, December 13th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average price target of GBX 5,685.33 ($79.72).
Shares of British American Tobacco (LON BATS) opened at GBX 4,555 ($63.87) on Wednesday. The company has a market cap of $104,470.00 and a price-to-earnings ratio of 2,006.61. British American Tobacco has a 1 year low of GBX 4,064 ($56.98) and a 1 year high of GBX 5,643.60 ($79.13).
In related news, insider Ricardo Oberlander sold 6,000 shares of the business’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of GBX 5,000 ($70.11), for a total value of £300,000 ($420,639.37). Also, insider Andrew Gray sold 8,993 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($69.42), for a total transaction of £445,243.43 ($624,289.72). Insiders purchased a total of 2,986 shares of company stock valued at $14,884,754 in the last three months.
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British American Tobacco Company Profile
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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