British American Tobacco (LON:BATS) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,426.43 and traded as high as GBX 4,496. British American Tobacco shares last traded at GBX 4,462, with a volume of 4,420,989 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BATS shares. UBS Group reiterated a “buy” rating and issued a GBX 5,750 price objective on shares of British American Tobacco in a research note on Friday, May 29th. Jefferies Financial Group upped their price target on shares of British American Tobacco from GBX 5,200 to GBX 5,500 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 4,758.33.

British American Tobacco Stock Down 0.8%

The firm has a market cap of £90.42 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 3.12 and a beta of 0.13. The business’s 50 day moving average price is GBX 4,597.41 and its 200 day moving average price is GBX 4,426.43. The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87.

Insiders Place Their Bets

In other news, insider Serpil Timuray acquired 47 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of GBX 4,372 per share, for a total transaction of £2,054.84. Also, insider Tadeu Marroco acquired 5,000 shares of the firm’s stock in a transaction on Friday, June 5th. The stock was purchased at an average price of GBX 4,306 per share, with a total value of £215,300. Insiders have purchased 11,506 shares of company stock worth $50,267,032 over the last three months. 0.12% of the stock is currently owned by insiders.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.