British American Tobacco plc (BATS) Receives “Buy” Rating from Jefferies Group LLC

Jefferies Group LLC restated their buy rating on shares of British American Tobacco plc (LON:BATS) in a research note published on Friday. They currently have a GBX 6,500 ($84.68) target price on the stock.

Other equities analysts have also recently issued research reports about the stock. UBS AG set a GBX 5,670 ($73.87) target price on shares of British American Tobacco plc and gave the company a buy rating in a research note on Thursday, July 13th. Berenberg Bank reissued a buy rating and set a GBX 5,670 ($73.87) target price on shares of British American Tobacco plc in a research note on Tuesday, May 23rd. Citigroup Inc. restated a buy rating on shares of British American Tobacco plc in a research report on Saturday, May 20th. BNP Paribas set a GBX 6,000 ($78.17) price objective on shares of British American Tobacco plc and gave the company a buy rating in a research report on Thursday, April 6th. Finally, Barclays PLC restated an equal weight rating and set a GBX 5,200 ($67.74) price objective on shares of British American Tobacco plc in a research report on Friday, March 31st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of GBX 5,609.41 ($73.08).

British American Tobacco plc (BATS) traded down 6.80% during mid-day trading on Friday, reaching GBX 4960.00. 14,213,569 shares of the company were exchanged. The company’s 50 day moving average price is GBX 5,348.27 and its 200-day moving average price is GBX 5,218.05. British American Tobacco plc has a 12 month low of GBX 2,879.89 and a 12 month high of GBX 5,643.60. The stock’s market capitalization is GBX 92.16 billion.

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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 ($0.74) dividend. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, August 17th.

In other news, insider Alan Davy bought 21 shares of the firm’s stock in a transaction on Monday, July 10th. The stock was bought at an average cost of GBX 5,203 ($67.78) per share, for a total transaction of £1,092.63 ($1,423.44). Also, insider Jack Bowles bought 75,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was purchased at an average price of GBX 5,296 ($68.99) per share, with a total value of £3,972,000 ($5,174,570.09). Over the last quarter, insiders acquired 84,029 shares of company stock valued at $446,734,832.

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).