British American Tobacco plc’s (BATS) Equal weight Rating Reiterated at Barclays PLC

Barclays PLC restated their equal weight rating on shares of British American Tobacco plc (LON:BATS) in a report released on Tuesday morning. They currently have a GBX 5,300 ($68.80) price objective on the stock.

BATS has been the subject of a number of other reports. Investec restated a hold rating and issued a GBX 5,500 ($71.40) price objective on shares of British American Tobacco plc in a research report on Wednesday, July 12th. Deutsche Bank AG restated a buy rating and issued a GBX 6,000 ($77.89) price objective on shares of British American Tobacco plc in a research report on Monday, July 31st. Citigroup Inc. restated a buy rating and issued a GBX 6,000 ($77.89) price objective on shares of British American Tobacco plc in a research report on Tuesday, May 9th. Credit Suisse Group restated an outperform rating and issued a GBX 6,100 ($79.19) price objective on shares of British American Tobacco plc in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co assumed coverage on shares of British American Tobacco plc in a research report on Thursday, August 3rd. They issued an overweight rating and a GBX 5,610 ($72.83) price objective for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of GBX 5,638.24 ($73.20).

Shares of British American Tobacco plc (LON BATS) opened at 4760.50 on Tuesday. The firm has a 50-day moving average of GBX 5,133.07 and a 200 day moving average of GBX 5,233.22. The firm’s market cap is GBX 88.45 billion. British American Tobacco plc has a 52 week low of GBX 4,237.00 and a 52 week high of GBX 5,643.60.

COPYRIGHT VIOLATION WARNING: “[[title]]” was originally posted by [[site]] and is the property of of [[site]]. If you are reading this article on another domain, it was illegally copied and republished in violation of United States and international copyright law. The legal version of this article can be accessed at [[permalink]].

The firm also recently declared a dividend, which will be paid on Thursday, September 28th. Shareholders of record on Thursday, August 17th will be paid a dividend of GBX 56.50 ($0.73) per share. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, August 17th.

In other British American Tobacco plc news, insider Jack Bowles purchased 9,000 shares of the firm’s stock in a transaction on Friday, June 23rd. The shares were purchased at an average cost of GBX 5,487 ($71.23) per share, with a total value of £493,830 ($641,087.89). Also, insider Alan Davy purchased 21 shares of the firm’s stock in a transaction on Monday, July 10th. The shares were acquired 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 acquired 9,029 shares of company stock worth $49,533,494 over the last three months.

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).