British American Tobacco p.l.c. (NYSE:BTI) Stock Has Average Target Price of $68.10

British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) has been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $68.10.

Several research analysts have weighed in on the company. Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Sunday, August 9th. Weiss Ratings restated a “buy (b)” rating on shares of British American Tobacco in a report on Monday, August 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $68.10 price objective on shares of British American Tobacco in a research report on Monday, September 7th. Royal Bank Of Canada reiterated an “underperform” rating on shares of British American Tobacco in a research note on Tuesday, August 11th. Finally, BTIG Research began coverage on British American Tobacco in a research note on Tuesday, July 21st. They issued a “buy” rating on the stock.

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Institutional Investors Weigh In On British American Tobacco

A number of institutional investors have recently bought and sold shares of the stock. First Command Advisory Services Inc. raised its position in shares of British American Tobacco by 1,386.7% in the 4th quarter. First Command Advisory Services Inc. now owns 446 shares of the company’s stock worth $25,000 after buying an additional 416 shares during the period. Glen Eagle Advisors LLC purchased a new stake in shares of British American Tobacco during the 4th quarter worth about $26,000. SHP Wealth Management acquired a new stake in shares of British American Tobacco in the fourth quarter worth $35,000. Community Bank N.A. acquired a new position in shares of British American Tobacco during the 2nd quarter valued at $55,000. Finally, Main Street Group LTD acquired a new stake in British American Tobacco in the 1st quarter valued at $76,000. 16.16% of the stock is currently owned by hedge funds and other institutional investors.

British American Tobacco Stock Down 0.0%

British American Tobacco stock opened at $52.62 on Friday. British American Tobacco has a 12-month low of $49.88 and a 12-month high of $67.30. The company has a quick ratio of 0.50, a current ratio of 0.84 and a debt-to-equity ratio of 0.64. The firm’s 50-day moving average is $56.76 and its two-hundred day moving average is $59.06.

British American Tobacco (NYSE:BTI – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.21 by ($1.10). The firm had revenue of $8.10 billion for the quarter, compared to analyst estimates of $16.42 billion. On average, equities analysts anticipate that British American Tobacco will post 4.81 EPS for the current fiscal year.

British American Tobacco Company Profile

(Get Free Report)

British American Tobacco p.l.c. (NYSE:BTI) is a multinational consumer goods company focused on nicotine and tobacco products. Its portfolio includes traditional cigarettes, heated tobacco products, vapor products and modern oral nicotine products, including nicotine pouches. The company markets products under brands such as Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Vuse, with additional brands varying by market.

Founded in 1902 through the combination of the Imperial Tobacco Company and the American Tobacco Company, British American Tobacco has developed into an international business serving markets across the Americas, Europe, Africa, the Middle East and Asia-Pacific.

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