British American Tobacco (BATS) Given a GBX 5,500 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a GBX 5,500 ($74.59) price objective on British American Tobacco (LON:BATS) in a report released on Wednesday morning. The brokerage currently has a buy rating on the stock.

BATS has been the topic of several other research reports. Jefferies Group lowered their price objective on shares of British American Tobacco from GBX 6,500 ($88.15) to GBX 6,100 ($82.72) and set a buy rating on the stock in a research report on Friday, October 6th. Deutsche Bank reaffirmed a buy rating and issued a GBX 6,000 ($81.37) price objective on shares of British American Tobacco in a research report on Thursday, October 26th. Royal Bank of Canada set a GBX 4,800 ($65.09) price objective on shares of British American Tobacco and gave the stock a neutral rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 5,610 ($76.08) price objective on shares of British American Tobacco in a research report on Wednesday, December 13th. Finally, DZ Bank reaffirmed a neutral rating on shares of British American Tobacco in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. British American Tobacco presently has a consensus rating of Buy and a consensus target price of GBX 5,628.67 ($76.33).

Shares of British American Tobacco (BATS) traded down GBX 82 ($1.11) during mid-day trading on Wednesday, reaching GBX 4,968 ($67.37). 4,642,136 shares of the company’s stock traded hands, compared to its average volume of 3,030,000. The company has a market capitalization of $113,950.00 and a price-to-earnings ratio of 2,188.55. British American Tobacco has a twelve month low of GBX 4,064 ($55.11) and a twelve month high of GBX 5,643.60 ($76.53).

The firm also recently declared a dividend, which will be paid on Thursday, February 8th. Stockholders of record on Thursday, December 28th will be given a GBX 43.60 ($0.59) dividend. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, December 28th.

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

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British American Tobacco 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 (LON:BATS)

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