Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of British American Tobacco (LON:BATS – Free Report) in a research note published on Friday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 5,100 price target on the stock.
Other research analysts have also issued reports about the company. UBS Group reissued a “buy” rating and issued a GBX 5,750 price objective on shares of British American Tobacco in a research report on Friday, May 29th. Royal Bank Of Canada upped their target price on British American Tobacco from GBX 3,600 to GBX 3,800 and gave the company an “underperform” rating in a research report on Tuesday, August 11th. Finally, Jefferies Financial Group raised their target price on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 4,858.33.
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British American Tobacco Trading Down 0.7%
British American Tobacco (LON:BATS – Get Free Report) last released its earnings results on Thursday, July 30th. The company reported GBX 203.60 earnings per share (EPS) for the quarter. British American Tobacco had a net margin of 24.99% and a return on equity of 13.38%. On average, sell-side analysts predict that British American Tobacco will post 361.5079365 EPS for the current year.
Insiders Place Their Bets
In related news, insider Tadeu Marroco acquired 377 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were purchased at an average price of GBX 4,214 per share, for a total transaction of £15,886.78. Also, insider Matthew Wright acquired 5,500 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were bought at an average cost of GBX 4,500 per share, for a total transaction of £247,500. Insiders acquired 5,890 shares of company stock valued at $26,395,990 over the last 90 days. Corporate insiders own 0.13% of the company’s stock.
British American Tobacco Company Profile
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.
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