British American Tobacco p.l.c. (LON:BATS) Receives Consensus Rating of “Buy” from Brokerages

British American Tobacco p.l.c. (LON:BATSGet Rating) has earned a consensus recommendation of “Buy” from the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 3,731.88 ($46.01).

BATS has been the subject of a number of research reports. Barclays reaffirmed an “overweight” rating on shares of British American Tobacco in a report on Friday. JPMorgan Chase & Co. set a GBX 4,000 ($49.32) price objective on shares of British American Tobacco in a report on Wednesday, April 27th. Jefferies Financial Group set a GBX 3,900 ($48.08) price objective on shares of British American Tobacco in a report on Thursday, March 10th. Citigroup decreased their price objective on shares of British American Tobacco from GBX 3,750 ($46.23) to GBX 3,675 ($45.31) and set a “buy” rating for the company in a report on Tuesday, March 15th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a GBX 3,100 ($38.22) price objective on shares of British American Tobacco in a report on Wednesday, May 4th.

In related news, insider Tadeu Marroco sold 8,457 shares of British American Tobacco stock in a transaction dated Monday, March 28th. The shares were sold at an average price of GBX 3,294 ($40.61), for a total transaction of £278,573.58 ($343,451.58). Insiders acquired 14 shares of company stock worth $46,081 over the last quarter.

BATS stock opened at GBX 3,350.50 ($41.31) on Tuesday. The company has a market capitalization of £76.25 billion and a P/E ratio of 11.29. The firm has a 50 day simple moving average of GBX 3,228 and a 200-day simple moving average of GBX 2,998.11. The company has a current ratio of 0.85, a quick ratio of 0.48 and a debt-to-equity ratio of 58.84. British American Tobacco has a twelve month low of GBX 2,507.50 ($30.91) and a twelve month high of GBX 3,456.50 ($42.61).

The business also recently announced a dividend, which will be paid on Thursday, November 10th. Shareholders of record on Thursday, September 29th will be paid a GBX 54.45 ($0.67) dividend. This represents a yield of 1.65%. The ex-dividend date is Thursday, September 29th. British American Tobacco’s payout ratio is 0.73%.

British American Tobacco Company Profile (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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