British American Tobacco plc (BATS) Now Covered by Analysts at J P Morgan Chase & Co

Equities research analysts at J P Morgan Chase & Co initiated coverage on shares of British American Tobacco plc (LON:BATS) in a note issued to investors on Thursday, August 3rd. The firm set an “overweight” rating and a GBX 5,610 ($73.06) price target on the stock. J P Morgan Chase & Co’s price target would indicate a potential upside of 15.54% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. UBS AG set a GBX 5,300 ($69.02) price objective on shares of British American Tobacco plc and gave the company a “buy” rating in a research note on Wednesday, April 19th. Whitman Howard reaffirmed a “hold” rating and issued a GBX 5,300 ($69.02) price objective on shares of British American Tobacco plc in a research note on Thursday, April 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 5,670 ($73.84) target price on shares of British American Tobacco plc in a report on Monday, May 15th. Investec reiterated a “hold” rating and issued a GBX 5,500 ($71.62) target price on shares of British American Tobacco plc in a report on Wednesday, July 12th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 6,400 ($83.34) target price on shares of British American Tobacco plc in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 5,632.35 ($73.35).

British American Tobacco plc (LON BATS) opened at 4855.50 on Thursday. The firm has a 50 day moving average price of GBX 5,189.75 and a 200 day moving average price of GBX 5,233.43. The company’s market cap is GBX 90.22 billion. British American Tobacco plc has a 12-month low of GBX 2,879.89 and a 12-month high of GBX 5,643.60.

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In other British American Tobacco plc news, insider Alan Davy bought 21 shares of the firm’s stock in a transaction that occurred on Monday, July 10th. The stock was acquired at an average price of GBX 5,203 ($67.76) per share, with a total value of £1,092.63 ($1,422.88). Also, insider Jack Bowles bought 9,000 shares of the firm’s stock in a transaction that occurred on Friday, June 23rd. The stock was acquired at an average cost of GBX 5,487 ($71.45) per share, with a total value of £493,830 ($643,091.55). In the last ninety days, insiders purchased 9,029 shares of company stock valued at $49,533,494.

British American Tobacco plc Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Analyst Recommendations for British American Tobacco plc (LON:BATS)

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