Morgan Stanley Reaffirms “Overweight” Rating for British American Tobacco (LON:BATS)

British American Tobacco (LON:BATSGet Rating)‘s stock had its “overweight” rating restated by stock analysts at Morgan Stanley in a note issued to investors on Sunday, MarketBeat Ratings reports. They presently have a GBX 3,780 ($49.18) target price on the stock. Morgan Stanley’s target price indicates a potential upside of 16.02% from the stock’s current price.

Several other equities research analysts have also weighed in on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 3,100 ($40.33) target price on shares of British American Tobacco in a report on Friday, April 1st. JPMorgan Chase & Co. set a GBX 4,000 ($52.04) target price on shares of British American Tobacco in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft set a GBX 4,000 ($52.04) target price on shares of British American Tobacco in a report on Monday, February 14th. Barclays reissued an “overweight” rating on shares of British American Tobacco in a report on Wednesday, April 20th. Finally, UBS Group set a GBX 3,600 ($46.84) price objective on shares of British American Tobacco in a report on Thursday, April 7th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of GBX 3,783.89 ($49.23).

BATS opened at GBX 3,258 ($42.39) on Friday. The firm’s 50-day simple moving average is GBX 3,235.45 and its 200-day simple moving average is GBX 2,934.22. The company has a debt-to-equity ratio of 58.84, a quick ratio of 0.48 and a current ratio of 0.85. British American Tobacco has a twelve month low of GBX 2,507.50 ($32.62) and a twelve month high of GBX 3,456.50 ($44.97). The firm has a market cap of £74.40 billion and a price-to-earnings ratio of 11.02.

In other news, insider Tadeu Marroco sold 8,457 shares of the firm’s stock in a transaction dated Monday, March 28th. The shares were sold at an average price of GBX 3,294 ($42.86), for a total value of £278,573.58 ($362,442.86). Insiders bought a total of 14 shares of company stock worth $45,156 in the last ninety days.

About British American Tobacco (Get Rating)

British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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Analyst Recommendations for British American Tobacco (LON:BATS)

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