Investec Reiterates “Hold” Rating for British American Tobacco plc (LON:BATS)

British American Tobacco plc (LON:BATS)‘s stock had its “hold” rating reiterated by analysts at Investec in a research report issued to clients and investors on Wednesday, July 12th. They currently have a GBX 5,500 ($71.62) target price on the stock. Investec’s target price would suggest a potential upside of 10.22% from the stock’s current price.

A number of other analysts also recently weighed in on BATS. Barclays PLC reissued an “equal weight” rating and set a GBX 5,200 ($67.72) price target on shares of British American Tobacco plc in a research report on Friday, March 31st. BNP Paribas set a GBX 6,000 ($78.14) price target on shares of British American Tobacco plc and gave the stock a “buy” rating in a research report on Thursday, April 6th. Whitman Howard restated a “hold” rating and set a GBX 5,300 ($69.02) price objective on shares of British American Tobacco plc in a research note on Thursday, April 13th. Jefferies Group LLC raised their price objective on British American Tobacco plc from GBX 5,800 ($75.53) to GBX 6,600 ($85.95) and gave the stock a “buy” rating in a research note on Wednesday, April 19th. Finally, UBS AG set a GBX 5,300 ($69.02) price objective on British American Tobacco plc and gave the stock a “buy” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 5,638.24 ($73.42).

British American Tobacco plc (LON BATS) traded down 1.29% during mid-day trading on Wednesday, hitting GBX 4990.00. 3,473,651 shares of the stock were exchanged. The stock’s market cap is GBX 92.71 billion. British American Tobacco plc has a 52-week low of GBX 4,237.00 and a 52-week high of GBX 5,643.60. The stock’s 50 day moving average is GBX 5,250.38 and its 200 day moving average is GBX 5,233.61.

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In other British American Tobacco plc news, insider Jack Bowles purchased 75,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The shares were bought at an average cost of GBX 5,296 ($68.97) per share, with a total value of £3,972,000 ($5,172,548.51). Also, insider Alan Davy purchased 21 shares of the company’s stock in a transaction on Monday, July 10th. The stock was acquired at an average cost of GBX 5,203 ($67.76) per share, for a total transaction of £1,092.63 ($1,422.88). Over the last quarter, insiders have bought 84,029 shares of company stock valued at $446,733,494.

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).

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

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