JPMorgan Chase & Co. Reaffirms Overweight Rating for British American Tobacco (BATS)

JPMorgan Chase & Co. reiterated their overweight rating on shares of British American Tobacco (LON:BATS) in a research report sent to investors on Tuesday, December 5th.

A number of other equities analysts have also recently issued reports on BATS. Berenberg Bank boosted their price objective on British American Tobacco from GBX 5,500 ($73.54) to GBX 5,575 ($74.54) and gave the company a buy rating in a report on Wednesday, November 22nd. Deutsche Bank reiterated a buy rating and issued a GBX 6,000 ($80.22) target price on shares of British American Tobacco in a report on Tuesday, November 21st. Jefferies Group reiterated a buy rating and issued a GBX 6,500 ($86.91) target price on shares of British American Tobacco in a report on Wednesday, August 9th. UBS Group set a GBX 5,800 ($77.55) target price on British American Tobacco and gave the stock a buy rating in a report on Monday, November 13th. Finally, Societe Generale reissued a buy rating and issued a GBX 5,800 ($77.55) price target on shares of British American Tobacco in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of GBX 5,628.67 ($75.26).

British American Tobacco (BATS) traded up GBX 62.50 ($0.84) during trading hours on Tuesday, reaching GBX 5,018 ($67.09). The company’s stock had a trading volume of 1,225,138 shares, compared to its average volume of 3,220,000. The company has a market cap of $115,090.00 and a P/E ratio of 2,210.57. British American Tobacco has a 1-year low of GBX 4,064 ($54.34) and a 1-year high of GBX 5,643.60 ($75.46).

The company also recently announced a dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, December 28th will be given a GBX 43.60 ($0.58) dividend. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 0.88%.

In other British American Tobacco news, insider Ricardo Oberlander sold 6,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of GBX 5,000 ($66.85), for a total transaction of £300,000 ($401,123.14). Also, insider Alan Davy bought 36 shares of the business’s stock in a transaction on Monday, October 9th. The shares were acquired at an average cost of GBX 4,816 ($64.39) per share, with a total value of £1,733.76 ($2,318.17). In the last 90 days, insiders bought 3,025 shares of company stock worth $15,072,218 and 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).

Analyst Recommendations for British American Tobacco (LON:BATS)

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