Separately, Zacks Investment Research raised British American Tobacco from a sell rating to a hold rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. British American Tobacco currently has an average rating of Hold and a consensus target price of $40.00.
Shares of BTI stock traded up $0.40 during mid-day trading on Friday, reaching $37.24. 1,501,100 shares of the stock traded hands, compared to its average volume of 2,013,986. The stock’s fifty day simple moving average is $35.49 and its two-hundred day simple moving average is $36.39. British American Tobacco has a 1-year low of $30.67 and a 1-year high of $42.59. The company has a market cap of $78.51 billion, a price-to-earnings ratio of 9.40, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The company has a quick ratio of 0.39, a current ratio of 0.73 and a debt-to-equity ratio of 0.63.
Several institutional investors have recently bought and sold shares of BTI. Motco lifted its stake in shares of British American Tobacco by 2,100.0% in the second quarter. Motco now owns 704 shares of the company’s stock worth $25,000 after acquiring an additional 672 shares during the period. Cullen Frost Bankers Inc. lifted its stake in shares of British American Tobacco by 83.0% in the second quarter. Cullen Frost Bankers Inc. now owns 754 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the period. Acadian Asset Management LLC lifted its stake in shares of British American Tobacco by 73.3% in the second quarter. Acadian Asset Management LLC now owns 745 shares of the company’s stock worth $26,000 after acquiring an additional 315 shares during the period. First Financial Corp IN lifted its stake in shares of British American Tobacco by 91.9% in the third quarter. First Financial Corp IN now owns 825 shares of the company’s stock worth $30,000 after acquiring an additional 395 shares during the period. Finally, Next Capital Management LLC acquired a new position in shares of British American Tobacco in the second quarter worth approximately $34,000. 5.50% of the stock is currently owned by institutional investors.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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