British American Tobacco p.l.c. (BTI) – What Are Brokerages Saying About This Stock?

Shares of British American Tobacco p.l.c. (NYSE:BTI) have earned a consensus rating of “Moderate Buy” from the fifteen research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $68.10.

Several research analysts recently weighed in on the stock. The Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research report on Monday. SBG Securities upgraded British American Tobacco to a “buy” rating in a research report on Friday, August 7th. Jefferies Financial Group reissued a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 30th. BTIG Research assumed coverage on British American Tobacco in a research report on Tuesday, July 21st. They set a “buy” rating for the company. Finally, UBS Group reaffirmed a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 2nd.

Institutional Trading of British American Tobacco

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. CenterBook Partners LP lifted its position in shares of British American Tobacco by 28.5% in the third quarter. CenterBook Partners LP now owns 54,673 shares of the company’s stock worth $2,974,000 after purchasing an additional 12,113 shares in the last quarter. Asset One Wealth Management LLC acquired a new position in shares of British American Tobacco during the 3rd quarter worth approximately $272,000. Kestra Advisory Services LLC raised its stake in shares of British American Tobacco by 26.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 75,020 shares of the company’s stock worth $4,081,000 after purchasing an additional 15,771 shares in the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $85,000. Finally, Kestra Private Wealth Services LLC lifted its stake in British American Tobacco by 11.1% in the third quarter. Kestra Private Wealth Services LLC now owns 40,354 shares of the company’s stock valued at $2,195,000 after acquiring an additional 4,017 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

British American Tobacco Price Performance

Shares of BTI stock opened at $61.92 on Tuesday. British American Tobacco has a 1 year low of $51.80 and a 1 year high of $67.30. The company has a current ratio of 0.84, a quick ratio of 0.50 and a debt-to-equity ratio of 0.64. The firm’s 50 day moving average is $56.60 and its 200-day moving average is $59.16.

About British American Tobacco

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.