British American Tobacco (LON:BATS) Shares Cross Above 200-Day Moving Average – Here’s What Happened

British American Tobacco p.l.c. (LON:BATS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 4,213.38 and traded as high as GBX 4,408. British American Tobacco shares last traded at GBX 4,377.01, with a volume of 7,610,705 shares traded.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 5,200 target price on shares of British American Tobacco in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of GBX 4,500.

British American Tobacco Price Performance

The stock has a market cap of £94.93 billion, a PE ratio of 12.54, a P/E/G ratio of 3.12 and a beta of 0.07. The business has a fifty day simple moving average of GBX 4,425.19 and a two-hundred day simple moving average of GBX 4,213.38. The company has a current ratio of 0.87, a quick ratio of 0.47 and a debt-to-equity ratio of 74.60.

British American Tobacco (LON:BATS) last released its earnings results on Thursday, February 12th. The company reported GBX 176.76 EPS for the quarter. British American Tobacco had a return on equity of 16.33% and a net margin of 30.23%. Research analysts forecast that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current year.

Insider Buying and Selling

In other British American Tobacco news, insider Tadeu Marroco sold 9,383 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of GBX 4,284, for a total transaction of £401,967.72. Insiders acquired a total of 11 shares of company stock worth $47,702 over the last ninety days. Company insiders own 0.12% of the company’s stock.

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.