British American Tobacco plc (LON:BATS) has been assigned a GBX 5,340 ($72.00) target price by investment analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Thursday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group, Inc. (The)’s price target suggests a potential upside of 15.94% from the stock’s previous close.
A number of other research firms have also recently issued reports on BATS. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 6,100 ($82.24) target price on shares of British American Tobacco plc in a research note on Tuesday, May 30th. Whitman Howard reiterated a “hold” rating and issued a GBX 5,300 ($71.46) target price on shares of British American Tobacco plc in a research note on Wednesday, June 14th. S&P Global set a GBX 5,600 ($75.50) target price on British American Tobacco plc and gave the company a “neutral” rating in a research note on Thursday, July 27th. UBS AG set a GBX 5,670 ($76.45) target price on British American Tobacco plc and gave the company a “buy” rating in a research note on Thursday, July 27th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 6,500 ($87.64) target price on shares of British American Tobacco plc in a research note on Friday, July 28th. One equities 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. British American Tobacco plc presently has a consensus rating of “Buy” and a consensus price target of GBX 5,634.71 ($75.97).
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In other news, insider Jack Bowles purchased 9,000 shares of British American Tobacco plc stock in a transaction dated Friday, June 23rd. The stock was acquired at an average cost of GBX 5,487 ($73.98) per share, for a total transaction of £493,830 ($665,808.28). Also, insider Alan Davy purchased 21 shares of British American Tobacco plc stock in a transaction dated Monday, July 10th. The shares were purchased at an average price of GBX 5,203 ($70.15) per share, with a total value of £1,092.63 ($1,473.14). Insiders have acquired a total of 9,030 shares of company stock valued at $49,536,735 over the last 90 days.
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).
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