Analysts Set British American Tobacco PLC (BTI) Price Target at $79.00

British American Tobacco PLC (NYSE:BTI) has earned an average recommendation of “Buy” from the fifteen brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $79.00.

Several equities analysts have recently weighed in on the stock. Investec upgraded shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating on shares of British American Tobacco PLC in a report on Friday, August 11th. J P Morgan Chase & Co restated an “overweight” rating on shares of British American Tobacco PLC in a report on Thursday, August 3rd. UBS AG restated a “buy” rating on shares of British American Tobacco PLC in a report on Tuesday, August 1st. Finally, SBG Securities upgraded shares of British American Tobacco PLC from a “hold” rating to a “buy” rating in a report on Monday, July 31st.

Large investors have recently bought and sold shares of the business. Verity & Verity LLC increased its stake in British American Tobacco PLC by 61.1% in the 3rd quarter. Verity & Verity LLC now owns 34,736 shares of the company’s stock valued at $2,169,000 after buying an additional 13,174 shares during the last quarter. Oppenheimer Asset Management Inc. increased its stake in British American Tobacco PLC by 12.3% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 116,556 shares of the company’s stock valued at $7,989,000 after buying an additional 12,748 shares during the last quarter. CIBC World Markets Inc. increased its stake in British American Tobacco PLC by 99.3% in the 2nd quarter. CIBC World Markets Inc. now owns 37,866 shares of the company’s stock valued at $2,595,000 after buying an additional 18,863 shares during the last quarter. Alliancebernstein L.P. increased its stake in British American Tobacco PLC by 19.6% in the 2nd quarter. Alliancebernstein L.P. now owns 434,317 shares of the company’s stock valued at $29,768,000 after buying an additional 71,216 shares during the last quarter. Finally, GAM Holding AG increased its stake in British American Tobacco PLC by 60.0% in the 2nd quarter. GAM Holding AG now owns 16,000 shares of the company’s stock valued at $1,095,000 after buying an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 5.39% of the company’s stock.

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Shares of British American Tobacco PLC (NYSE BTI) traded down $0.29 during midday trading on Thursday, hitting $64.71. 860,400 shares of the stock traded hands, compared to its average volume of 3,738,016. British American Tobacco PLC has a 52-week low of $52.84 and a 52-week high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

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).

Analyst Recommendations for British American Tobacco PLC (NYSE:BTI)

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