Jefferies Group LLC Raises British American Tobacco plc (BATS) Price Target to GBX 6,600

British American Tobacco plc (LON:BATS) had its target price raised by stock analysts at Jefferies Group LLC from GBX 5,800 ($74.87) to GBX 6,600 ($85.19) in a report issued on Wednesday, April 19th. The brokerage presently has a “buy” rating on the stock. Jefferies Group LLC’s target price suggests a potential upside of 22.20% from the stock’s current price.

BATS has been the topic of a number of other research reports. Berenberg Bank restated a “hold” rating and issued a GBX 4,622 ($59.66) target price (down previously from GBX 5,150 ($66.48)) on shares of British American Tobacco plc in a research note on Wednesday, January 4th. Credit Suisse Group AG upped their price objective on British American Tobacco plc from GBX 4,950 ($63.90) to GBX 5,100 ($65.83) and gave the company an “outperform” rating in a research note on Wednesday, January 18th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 5,200 ($67.12) price objective on shares of British American Tobacco plc in a research note on Friday, March 31st. BNP Paribas set a GBX 6,000 ($77.45) price objective on British American Tobacco plc and gave the company a “buy” rating in a research note on Thursday, April 6th. Finally, Whitman Howard reiterated a “hold” rating and issued a GBX 5,300 ($68.41) price objective on shares of British American Tobacco plc in a research note on Tuesday, January 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. British American Tobacco plc currently has an average rating of “Buy” and an average target price of GBX 5,499.38 ($70.99).

Analyst Recommendations for British American Tobacco plc (LON:BATS)

Shares of British American Tobacco plc (LON:BATS) traded up 0.28% during midday trading on Wednesday, hitting GBX 5401.00. The company’s stock had a trading volume of 3,533,494 shares. British American Tobacco plc has a 52-week low of GBX 4,072.00 and a 52-week high of GBX 5,524.00. The firm’s market cap is GBX 100.42 billion. The stock’s 50 day moving average is GBX 5,319.09 and its 200-day moving average is GBX 4,887.88.

The company also recently declared a dividend, which was paid on Thursday, May 4th. Stockholders of record on Thursday, March 16th were issued a GBX 118.10 ($1.52) dividend. The ex-dividend date was Thursday, March 16th. This represents a dividend yield of 2.37%. This is a boost from British American Tobacco plc’s previous dividend of $51.30.

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In related news, insider Jack Bowles sold 1,618 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of GBX 5,288 ($68.26), for a total value of £85,559.84 ($110,442.55). Also, insider Ricardo Oberlander sold 6,719 shares of the company’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of GBX 5,371 ($69.33), for a total transaction of £360,877.49 ($465,828.69). In the last ninety days, insiders bought 78,006 shares of company stock worth $413,359,182 and sold 77,199 shares worth $409,742,751.

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).

12 Month Chart for LON:BATS

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