Berenberg Bank Increases British American Tobacco (BATS) Price Target to GBX 5,720

British American Tobacco (LON:BATS) had its price objective boosted by Berenberg Bank from GBX 5,575 ($75.60) to GBX 5,720 ($77.57) in a research note issued to investors on Tuesday, December 19th, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

A number of other research analysts have also issued reports on BATS. Deutsche Bank reiterated a buy rating and issued a GBX 6,000 ($81.37) target price on shares of British American Tobacco in a report on Thursday, October 26th. JPMorgan Chase & Co. reaffirmed an overweight rating and set a GBX 5,610 ($76.08) price target on shares of British American Tobacco in a report on Thursday, October 26th. UBS Group set a GBX 5,670 ($76.89) price target on British American Tobacco and gave the stock a buy rating in a report on Tuesday, October 24th. Goldman Sachs Group set a GBX 5,500 ($74.59) price target on British American Tobacco and gave the stock a buy rating in a report on Thursday, October 26th. Finally, Jefferies Group reduced their target price on British American Tobacco from GBX 6,500 ($88.15) to GBX 6,100 ($82.72) and set a buy rating for the company in a report on Friday, October 6th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. British American Tobacco currently has a consensus rating of Buy and an average target price of GBX 5,628.67 ($76.33).

British American Tobacco (LON BATS) traded up GBX 85 ($1.15) during trading hours on Tuesday, hitting GBX 5,050 ($68.48). The company had a trading volume of 2,807,083 shares, compared to its average volume of 3,080,000. 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 firm has a market capitalization of $115,830.00 and a PE ratio of 2,224.67.

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

In related news, insider Tadeu Marroco acquired 2,980 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were acquired at an average price of GBX 4,985 ($67.60) per share, for a total transaction of £148,553 ($201,455.11). Also, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($67.14), for a total transaction of £445,243.43 ($603,801.78). Insiders have bought 2,989 shares of company stock worth $14,899,415 in the last ninety days.

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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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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