Jerome Abelman Sells 10,303 Shares of British American Tobacco (LON:BATS) Stock

British American Tobacco (LON:BATS) insider Jerome Abelman sold 10,303 shares of British American Tobacco stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 4,092 ($58.59), for a total value of £421,598.76 ($603,663.75).

LON BATS traded up GBX 50 ($0.72) during trading on Friday, reaching GBX 3,700 ($52.98). 9,223,567 shares of the company’s stock were exchanged, compared to its average volume of 4,160,000. British American Tobacco has a fifty-two week low of GBX 4,064 ($58.19) and a fifty-two week high of GBX 5,643.60 ($80.81).

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The company also recently disclosed a dividend, which will be paid on Wednesday, May 9th. Stockholders of record on Thursday, March 22nd will be issued a dividend of GBX 48.80 ($0.70) per share. This represents a dividend yield of 1.09%. The ex-dividend date is Thursday, March 22nd. This is a boost from British American Tobacco’s previous dividend of $43.60.

BATS has been the topic of a number of recent research reports. Citigroup reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Tuesday, January 16th. Royal Bank of Canada set a GBX 4,800 ($68.73) target price on British American Tobacco and gave the company a “neutral” rating in a research report on Thursday, February 22nd. UBS set a GBX 5,650 ($80.90) target price on British American Tobacco and gave the company a “buy” rating in a research report on Wednesday, February 21st. DZ Bank reaffirmed a “neutral” rating on shares of British American Tobacco in a research report on Tuesday, January 9th. Finally, Goldman Sachs lowered their price target on British American Tobacco from GBX 5,850 ($83.76) to GBX 5,400 ($77.32) and set a “buy” rating on the stock in a research report on Monday, March 5th. Seven 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 an average price target of GBX 5,542.19 ($79.36).

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About British American Tobacco

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

Insider Buying and Selling by Quarter for British American Tobacco (LON:BATS)

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