British American Tobacco p.l.c. (BTI) Receives Consensus Rating of “Buy” from Analysts

Shares of British American Tobacco p.l.c. (NYSE:BTI) have earned a consensus rating of “Buy” from the fifteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $78.50.

A number of brokerages have recently weighed in on BTI. Jefferies Group set a $78.00 target price on British American Tobacco and gave the stock a “buy” rating in a research report on Saturday, November 18th. Goldman Sachs Group raised British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, October 9th. Cowen raised British American Tobacco from a “market perform” rating to an “outperform” rating in a research report on Tuesday, September 26th. Zacks Investment Research lowered British American Tobacco from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, BidaskClub lowered British American Tobacco from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th.

British American Tobacco (NYSE BTI) opened at $64.74 on Monday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 0.48 and a current ratio of 0.87. British American Tobacco has a 12-month low of $54.54 and a 12-month high of $73.41.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BB&T Investment Services Inc. raised its position in British American Tobacco by 625.6% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock valued at $101,000 after buying an additional 1,395 shares during the last quarter. Delta Asset Management LLC TN raised its position in British American Tobacco by 908.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after buying an additional 1,472 shares during the last quarter. Krilogy Financial LLC purchased a new stake in British American Tobacco in the 3rd quarter valued at $106,000. D. Scott Neal Inc. purchased a new stake in British American Tobacco in the 3rd quarter valued at $106,000. Finally, Asset Management One Co. Ltd. purchased a new stake in British American Tobacco in the 3rd quarter valued at $109,000. 9.35% of the stock is owned by institutional investors and hedge funds.

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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 (NYSE:BTI)

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