Brokerages Set British American Tobacco PLC (NYSE:BTI) PT at $66.00

Shares of British American Tobacco PLC (NYSE:BTI) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company.

Several research firms recently commented on BTI. Piper Jaffray Companies lowered British American Tobacco from an “overweight” rating to a “neutral” rating in a report on Thursday, July 11th. Zacks Investment Research raised British American Tobacco from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley lowered British American Tobacco from an “equal” rating to an “underweight” rating in a report on Monday, June 17th.

A number of large investors have recently bought and sold shares of BTI. Motco increased its holdings in British American Tobacco by 2,100.0% in the second quarter. Motco now owns 704 shares of the company’s stock valued at $25,000 after buying an additional 672 shares during the last quarter. Cullen Frost Bankers Inc. boosted its stake in British American Tobacco by 83.0% in the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the company’s stock valued at $26,000 after acquiring an additional 342 shares in the last quarter. Acadian Asset Management LLC boosted its stake in British American Tobacco by 73.3% in the second quarter. Acadian Asset Management LLC now owns 745 shares of the company’s stock valued at $26,000 after acquiring an additional 315 shares in the last quarter. Next Capital Management LLC acquired a new position in British American Tobacco in the second quarter valued at $34,000. Finally, Assetmark Inc. boosted its stake in British American Tobacco by 2,600.0% in the second quarter. Assetmark Inc. now owns 972 shares of the company’s stock valued at $34,000 after acquiring an additional 936 shares in the last quarter. 5.59% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:BTI traded down $0.19 during trading hours on Friday, hitting $36.29. The company’s stock had a trading volume of 973,251 shares, compared to its average volume of 1,376,223. The stock has a market capitalization of $77.74 billion, a P/E ratio of 9.16, a price-to-earnings-growth ratio of 1.17 and a beta of 0.86. The stock has a fifty day moving average of $36.37 and a 200-day moving average of $37.75. The company has a current ratio of 0.73, a quick ratio of 0.39 and a debt-to-equity ratio of 0.63. British American Tobacco has a 52-week low of $30.67 and a 52-week high of $47.49.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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