British American Tobacco (BATS) Shares Up 0%

British American Tobacco plc (LON:BATS) shot up 0% during mid-day trading on Friday . The company traded as high as GBX 5,024 ($67.17) and last traded at GBX 5,018 ($67.09). 1,221,368 shares changed hands during trading, a decline of 62% from the average session volume of 3,220,000 shares. The stock had previously closed at GBX 5,018 ($67.09).

A number of research firms have issued reports on BATS. Deutsche Bank reiterated a “buy” rating and set a GBX 6,000 ($80.22) target price on shares of British American Tobacco in a report on Thursday, October 26th. Berenberg Bank increased their target price on shares of British American Tobacco from GBX 5,500 ($73.54) to GBX 5,575 ($74.54) and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Goldman Sachs Group set a GBX 5,500 ($73.54) target price on shares of British American Tobacco and gave the stock a “buy” rating in a report on Thursday, October 26th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 5,610 ($75.01) price objective on shares of British American Tobacco in a report on Thursday, October 26th. Finally, UBS Group set a GBX 5,670 ($75.81) price objective on shares of British American Tobacco and gave the company a “buy” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. British American Tobacco presently has an average rating of “Buy” and an average price target of GBX 5,628.67 ($75.26).

The stock has a market cap of $115,090.00 and a P/E ratio of 2,210.57.

The business also recently declared a dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, December 28th will be paid a dividend of GBX 43.60 ($0.58) per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 0.88%.

In related news, insider Alan Davy purchased 36 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The shares were purchased at an average cost of GBX 4,816 ($64.39) per share, for a total transaction of £1,733.76 ($2,318.17). Also, insider Naresh Sethi sold 7,035 shares of British American Tobacco stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of GBX 4,898 ($65.49), for a total transaction of £344,574.30 ($460,722.42). Over the last quarter, insiders have purchased 3,025 shares of company stock worth $15,072,218 and have sold 22,028 shares worth $108,981,773.

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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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