British American Tobacco (BATS) Stock Rating Reaffirmed by DZ Bank

DZ Bank reaffirmed their neutral rating on shares of British American Tobacco (LON:BATS) in a research report released on Tuesday morning.

Several other analysts have also recently commented on BATS. Goldman Sachs Group decreased their target price on British American Tobacco from GBX 5,400 ($73.23) to GBX 5,340 ($72.42) and set a neutral rating for the company in a research report on Thursday, September 21st. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,000 ($81.37) target price on shares of British American Tobacco in a research report on Thursday, October 5th. Berenberg Bank decreased their target price on British American Tobacco from GBX 5,670 ($76.89) to GBX 5,500 ($74.59) and set a buy rating for the company in a research report on Friday, October 6th. Jefferies Group decreased their target price on British American Tobacco from GBX 6,500 ($88.15) to GBX 6,100 ($82.72) and set a buy rating for the company in a research report on Friday, October 6th. Finally, Credit Suisse Group decreased their target price on British American Tobacco from GBX 6,100 ($82.72) to GBX 5,800 ($78.65) and set an outperform rating for the company in a research report on Tuesday, October 10th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of GBX 5,628.67 ($76.33).

Shares of British American Tobacco (BATS) opened at GBX 4,993 ($67.71) on Tuesday. The firm has a market capitalization of $115,830.00 and a price-to-earnings ratio of 2,199.56. British American Tobacco has a one year low of GBX 4,064 ($55.11) and a one year high of GBX 5,643.60 ($76.53).

The company also recently disclosed a dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, December 28th will be issued a dividend of GBX 43.60 ($0.59) per share. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 0.88%.

In related news, insider Tadeu Marroco bought 2,980 shares of the business’s stock in a transaction on Friday, November 17th. The shares were bought at an average cost of GBX 4,985 ($67.60) per share, for a total transaction of £148,553 ($201,455.11). Also, insider Andrew Gray sold 8,993 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of GBX 4,951 ($67.14), for a total value of £445,243.43 ($603,801.78). Over the last quarter, insiders have purchased 2,989 shares of company stock valued at $14,899,415.

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About British American Tobacco

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 (LON:BATS)

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