British American Tobacco p.l.c. (NYSE:BTI) Receives $51.00 Average PT from Analysts

British American Tobacco p.l.c. (NYSE:BTI – Get Free Report) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $51.00.

Several equities analysts recently commented on BTI shares. Citigroup restated a “buy” rating on shares of British American Tobacco in a research report on Thursday, May 14th. Weiss Ratings upgraded British American Tobacco from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, June 3rd. Morgan Stanley restated an “overweight” rating on shares of British American Tobacco in a research report on Monday, June 8th. Finally, Wall Street Zen downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th.

Get British American Tobacco alerts:

Check Out Our Latest Research Report on BTI

Hedge Funds Weigh In On British American Tobacco

Hedge funds and other institutional investors have recently modified their holdings of the stock. Capital World Investors raised its position in British American Tobacco by 12,870.7% in the 3rd quarter. Capital World Investors now owns 9,470,709 shares of the company’s stock valued at $502,687,000 after purchasing an additional 9,397,693 shares during the last quarter. Bank of America Corp DE raised its position in British American Tobacco by 34.4% in the 1st quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock valued at $569,313,000 after purchasing an additional 2,494,576 shares during the last quarter. Orbis Allan Gray Ltd raised its position in British American Tobacco by 20.7% in the 2nd quarter. Orbis Allan Gray Ltd now owns 14,503,968 shares of the company’s stock valued at $686,473,000 after purchasing an additional 2,482,737 shares during the last quarter. WCM Investment Management LLC raised its position in British American Tobacco by 3,899.7% in the 1st quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock valued at $137,658,000 after purchasing an additional 2,303,743 shares during the last quarter. Finally, Capital International Investors raised its position in British American Tobacco by 3.0% in the 3rd quarter. Capital International Investors now owns 64,057,419 shares of the company’s stock valued at $3,399,352,000 after purchasing an additional 1,891,042 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Stock Performance

British American Tobacco stock opened at $62.83 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.57 and a current ratio of 0.87. British American Tobacco has a one year low of $46.38 and a one year high of $67.30. The business has a 50 day simple moving average of $60.82 and a 200 day simple moving average of $59.44.

British American Tobacco Company Profile

(Get Free Report)

British American Tobacco plc (BTI) is a multinational tobacco manufacturer and nicotine products company headquartered in London. Founded in 1902 as a joint venture to commercialize tobacco products outside the United States, the company has grown into one of the world’s largest tobacco firms with a long history in manufacturing and global distribution of combustible tobacco products.

BAT’s core business remains the manufacture and sale of cigarettes and other tobacco products under a portfolio of well-known consumer brands, including Dunhill, Lucky Strike, Pall Mall, Kent and Rothmans.

Read More

• Five stocks we like better than British American Tobacco
• As Stablecoins Keep Growing, These 2 Stocks Benefit
• Apple Just Handed These 4 Memory Stocks Their Best News of the Year
• Costco’s Secret Growth Engine May Be Running Out of Gas
• Why Alphabet’s Pullback May Be an Opportunity in Disguise

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.