British American Tobacco (NYSE:BTI) Reaches New 12-Month High – What’s Next?

British American Tobacco p.l.c. (NYSE:BTI)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $47.86 and last traded at $47.93, with a volume of 2471426 shares. The stock had previously closed at $47.79.

Wall Street Analysts Forecast Growth

BTI has been the topic of several analyst reports. Bank of America started coverage on shares of British American Tobacco in a report on Wednesday, April 30th. They issued a “buy” rating on the stock. Wall Street Zen upgraded British American Tobacco from a “hold” rating to a “buy” rating in a report on Monday, February 17th. One analyst has rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, British American Tobacco has a consensus rating of “Moderate Buy” and an average price target of $33.00.

British American Tobacco Stock Up 0.2%

The company has a market capitalization of $98.99 billion, a price-to-earnings ratio of 9.83 and a beta of 0.31. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $42.94 and its 200 day moving average price is $40.11.

Institutional Investors Weigh In On British American Tobacco

Several large investors have recently modified their holdings of BTI. Geneos Wealth Management Inc. grew its holdings in shares of British American Tobacco by 40.8% during the first quarter. Geneos Wealth Management Inc. now owns 3,618 shares of the company’s stock valued at $150,000 after buying an additional 1,048 shares during the last quarter. Alaethes Wealth LLC raised its holdings in shares of British American Tobacco by 9.5% in the 1st quarter. Alaethes Wealth LLC now owns 42,215 shares of the company’s stock valued at $1,778,000 after acquiring an additional 3,656 shares in the last quarter. Logan Capital Management Inc. grew its holdings in shares of British American Tobacco by 1.5% during the first quarter. Logan Capital Management Inc. now owns 132,720 shares of the company’s stock worth $5,491,000 after purchasing an additional 1,944 shares in the last quarter. Ascent Group LLC increased its position in shares of British American Tobacco by 46.9% in the first quarter. Ascent Group LLC now owns 25,866 shares of the company’s stock worth $1,070,000 after purchasing an additional 8,254 shares during the last quarter. Finally, Adalta Capital Management LLC purchased a new stake in British American Tobacco in the first quarter valued at approximately $127,000. 16.16% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco Company Profile

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.