British American Tobacco PLC (BTI) Lifted to Buy at Zacks Investment Research

British American Tobacco PLC (NYSE:BTI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $75.00 price target on the stock.

According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “

Separately, Exane BNP Paribas raised shares of British American Tobacco PLC to an “outperform” rating in a research note on Thursday, April 6th.

Shares of British American Tobacco PLC (NYSE:BTI) traded down 0.55% during mid-day trading on Friday, hitting $66.77. 1,347,059 shares of the stock were exchanged. The company’s 50-day moving average is $65.16 and its 200-day moving average is $98.35. The firm has a market cap of $124.14 billion and a price-to-earnings ratio of 21.49. British American Tobacco PLC has a 1-year low of $52.71 and a 1-year high of $67.82.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC raised its position in British American Tobacco PLC by 4.7% in the third quarter. Kernodle & Katon Asset Management Group LLC now owns 937 shares of the company’s stock valued at $120,000 after buying an additional 42 shares during the last quarter. Quadrant Capital Group LLC raised its position in British American Tobacco PLC by 17.7% in the third quarter. Quadrant Capital Group LLC now owns 1,044 shares of the company’s stock valued at $126,000 after buying an additional 157 shares during the last quarter. National Asset Management Inc. raised its position in British American Tobacco PLC by 4.1% in the third quarter. National Asset Management Inc. now owns 1,615 shares of the company’s stock valued at $207,000 after buying an additional 64 shares during the last quarter. Capital One National Association raised its position in British American Tobacco PLC by 10.0% in the third quarter. Capital One National Association now owns 1,707 shares of the company’s stock valued at $218,000 after buying an additional 155 shares during the last quarter. Finally, Mairs & Power INC purchased a new position in British American Tobacco PLC during the third quarter valued at $252,000.

British American Tobacco PLC 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).

5 Day Chart for NYSE:BTI

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