British American Tobacco plc (LON:BATS) declared a dividend on Thursday, February 22nd, Upcoming.Co.Uk reports. Investors of record on Thursday, March 22nd will be paid a dividend of GBX 48.80 ($0.67) per share on Wednesday, May 9th. This represents a yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 22nd. This is an increase from British American Tobacco’s previous dividend of $43.60. The official announcement can be viewed at this link.
Shares of British American Tobacco (LON:BATS) traded up GBX 17.50 ($0.24) during trading hours on Friday, reaching GBX 4,183.50 ($57.80). 5,552,922 shares of the company traded hands, compared to its average volume of 4,160,000. The stock has a market capitalization of $96,990.00 and a PE ratio of 329.67. British American Tobacco has a 12 month low of GBX 4,064 ($56.15) and a 12 month high of GBX 5,643.60 ($77.97).
A number of research firms have commented on BATS. Deutsche Bank reissued a “buy” rating and issued a GBX 6,000 ($82.90) price target on shares of British American Tobacco in a research note on Tuesday, January 23rd. JPMorgan Chase & Co. cut their price target on shares of British American Tobacco from GBX 5,610 ($77.51) to GBX 5,185 ($71.64) and set an “overweight” rating for the company in a research note on Tuesday, February 27th. Citigroup reissued a “buy” rating and issued a GBX 6,000 ($82.90) price target on shares of British American Tobacco in a research note on Friday, February 23rd. Jefferies Group reissued a “buy” rating and issued a GBX 5,900 ($81.51) price target on shares of British American Tobacco in a research note on Friday, December 8th. Finally, Royal Bank of Canada set a GBX 4,800 ($66.32) price target on shares of British American Tobacco and gave the stock a “neutral” rating in a research note on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. British American Tobacco currently has an average rating of “Buy” and a consensus target price of GBX 5,569.12 ($76.94).
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About British American Tobacco
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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