British American Tobacco PLC (BTI) Receives Average Recommendation of “Hold” from Brokerages

Share on StockTwits

British American Tobacco PLC (NYSE:BTI) has received a consensus rating of “Hold” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $66.00.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded British American Tobacco to a “buy” rating in a report on Friday, August 24th. Royal Bank of Canada downgraded British American Tobacco to an “underperform” rating in a report on Monday, September 3rd. Zacks Investment Research upgraded British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Sanford C. Bernstein assumed coverage on British American Tobacco in a report on Tuesday, October 16th. They issued a “market perform” rating for the company. Finally, DZ Bank reiterated a “sell” rating on shares of British American Tobacco in a report on Thursday, October 18th.

Shares of BTI traded up $0.77 during trading on Thursday, reaching $44.17. The company’s stock had a trading volume of 50,330 shares, compared to its average volume of 3,600,679. British American Tobacco has a twelve month low of $41.69 and a twelve month high of $71.44. The company has a quick ratio of 0.41, a current ratio of 0.81 and a debt-to-equity ratio of 0.69. The firm has a market cap of $93.36 billion, a price-to-earnings ratio of 12.02, a PEG ratio of 1.43 and a beta of 1.00.

Several hedge funds and other institutional investors have recently modified their holdings of BTI. Moody National Bank Trust Division grew its stake in British American Tobacco by 420.4% during the 3rd quarter. Moody National Bank Trust Division now owns 27,068 shares of the company’s stock worth $1,262,000 after buying an additional 21,867 shares during the last quarter. Financial Counselors Inc. grew its stake in British American Tobacco by 18.9% during the 3rd quarter. Financial Counselors Inc. now owns 116,736 shares of the company’s stock worth $5,443,000 after buying an additional 18,551 shares during the last quarter. Greenleaf Trust grew its stake in British American Tobacco by 241.6% during the 3rd quarter. Greenleaf Trust now owns 24,579 shares of the company’s stock worth $1,146,000 after buying an additional 17,383 shares during the last quarter. Quadrant Capital Group LLC grew its stake in British American Tobacco by 79.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 6,173 shares of the company’s stock worth $272,000 after buying an additional 2,738 shares during the last quarter. Finally, Sawtooth Solutions LLC grew its stake in British American Tobacco by 73.9% during the 3rd quarter. Sawtooth Solutions LLC now owns 21,956 shares of the company’s stock worth $1,024,000 after buying an additional 9,332 shares during the last quarter. Institutional investors and hedge funds own 7.69% of the company’s stock.

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.

See Also: How to Invest in the Dividend Aristocrat Index

Analyst Recommendations for British American Tobacco (NYSE:BTI)

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply