British American Tobacco (LON:BATS) Stock Rating Reaffirmed by Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of British American Tobacco (LON:BATS) in a research note released on Monday morning, MarketBeat.com reports. They currently have a GBX 3,300 ($40.76) price objective on the stock.

British American Tobacco Stock Performance

Shares of LON BATS opened at GBX 2,360 ($29.15) on Monday. The company has a market cap of £52.63 billion, a PE ratio of -364.76, a price-to-earnings-growth ratio of 3.12 and a beta of 0.25. British American Tobacco has a 12 month low of GBX 2,233 ($27.58) and a 12 month high of GBX 3,022.20 ($37.33). The company has a debt-to-equity ratio of 75.41, a current ratio of 0.90 and a quick ratio of 0.47. The company has a 50-day simple moving average of GBX 2,353.59 and a 200-day simple moving average of GBX 2,391.51.

British American Tobacco Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 58.88 ($0.73) per share. The ex-dividend date is Thursday, September 26th. This is an increase from British American Tobacco’s previous dividend of $57.72. This represents a dividend yield of 2.54%. British American Tobacco’s payout ratio is -3,647.60%.

Insider Buying and Selling

In related news, insider Karen Guerra bought 4,150 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were acquired at an average cost of GBX 2,380 ($29.40) per share, with a total value of £98,770 ($121,998.52). Over the last three months, insiders have purchased 4,170 shares of company stock valued at $9,923,952. Insiders own 10.49% of the company’s stock.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.