Jefferies Group LLC Reiterates “Buy” Rating for British American Tobacco plc (BATS)

British American Tobacco plc (LON:BATS)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group LLC in a research report issued on Friday, July 28th. They currently have a GBX 6,500 ($84.38) price objective on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 31.87% from the company’s previous close.

A number of other analysts have also weighed in on the stock. S&P Global set a GBX 5,600 ($72.70) target price on shares of British American Tobacco plc and gave the company a “neutral” rating in a research report on Thursday, July 27th. UBS AG set a GBX 5,670 ($73.61) price target on shares of British American Tobacco plc and gave the stock a “buy” rating in a report on Thursday, July 27th. Whitman Howard reiterated a “hold” rating and set a GBX 5,300 ($68.80) price target on shares of British American Tobacco plc in a report on Thursday, July 27th. Investec reiterated a “hold” rating and set a GBX 5,500 ($71.40) price target on shares of British American Tobacco plc in a report on Wednesday, July 12th. Finally, Credit Suisse Group reissued an “outperform” rating and set a GBX 6,100 ($79.19) target price on shares of British American Tobacco plc in a research note on Thursday, June 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 5,638.24 ($73.20).

British American Tobacco plc (LON BATS) opened at 4861.00 on Friday. The firm’s market capitalization is GBX 90.32 billion. The stock has a 50 day moving average price of GBX 5,149.65 and a 200 day moving average price of GBX 5,236.06. British American Tobacco plc has a one year low of GBX 4,237.00 and a one year high of GBX 5,643.60.

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In other news, insider Jack Bowles bought 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The shares were acquired at an average price of GBX 5,487 ($71.23) per share, with a total value of £493,830 ($641,087.89). Also, insider Alan Davy bought 21 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The shares were purchased at an average cost of GBX 5,203 ($67.55) per share, for a total transaction of £1,092.63 ($1,418.45). Insiders have purchased a total of 9,029 shares of company stock worth $49,533,494 in the last ninety days.

British American Tobacco plc 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).