British American Tobacco (NYSE:BTI) Reaches New 1-Year High – Here’s What Happened

British American Tobacco p.l.c. (NYSE:BTI)’s stock price reached a new 52-week high on Monday . The stock traded as high as $42.10 and last traded at $42.03, with a volume of 747388 shares trading hands. The stock had previously closed at $41.76.

Analyst Ratings Changes

Several research analysts have recently weighed in on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday, January 27th. Finally, StockNews.com downgraded British American Tobacco from a “buy” rating to a “hold” rating in a research report on Tuesday, November 12th.

British American Tobacco Stock Performance

The company’s 50-day simple moving average is $37.47 and its 200-day simple moving average is $36.76. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Institutional Investors Weigh In On British American Tobacco

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company’s stock worth $259,914,000 after acquiring an additional 2,868,675 shares during the period. Raymond James Financial Inc. bought a new stake in shares of British American Tobacco during the 4th quarter worth approximately $55,620,000. ABC Arbitrage SA bought a new stake in British American Tobacco during the fourth quarter worth $31,480,000. Public Employees Retirement System of Ohio acquired a new position in shares of British American Tobacco during the 3rd quarter worth $28,183,000. Finally, Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the 3rd quarter worth $27,118,000. Institutional investors own 16.16% of the company’s stock.

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.