Analysts Set British American Tobacco p.l.c. (BTI) Price Target at $78.50

Shares of British American Tobacco p.l.c. (NYSE:BTI) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $76.67.

Several brokerages have recently weighed in on BTI. Zacks Investment Research upgraded shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research note on Wednesday. Jefferies Group set a $78.00 target price on shares of British American Tobacco and gave the stock a “buy” rating in a research note on Saturday, November 18th. Goldman Sachs Group upgraded shares of British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday, October 9th. Cowen upgraded shares of British American Tobacco from a “market perform” rating to an “outperform” rating in a research note on Tuesday, September 26th. Finally, BidaskClub cut shares of British American Tobacco from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 19th.

Shares of British American Tobacco (NYSE:BTI) traded down $1.33 during trading hours on Monday, hitting $66.51. 1,904,814 shares of the stock traded hands, compared to its average volume of 3,624,139. British American Tobacco has a 52-week low of $54.68 and a 52-week high of $73.41. The company has a current ratio of 0.87, a quick ratio of 0.48 and a debt-to-equity ratio of 1.91.

The company also recently announced a None dividend, which will be paid on Tuesday, February 13th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.581 per share. This represents a yield of 1.73%. The ex-dividend date of this dividend is Thursday, December 28th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BB&T Investment Services Inc. raised its stake in British American Tobacco by 625.6% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,618 shares of the company’s stock worth $101,000 after acquiring an additional 1,395 shares during the period. Delta Asset Management LLC TN raised its position in shares of British American Tobacco by 908.6% during the third quarter. Delta Asset Management LLC TN now owns 1,634 shares of the company’s stock valued at $102,000 after buying an additional 1,472 shares during the last quarter. D. Scott Neal Inc. bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $106,000. Krilogy Financial LLC bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $106,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of British American Tobacco during the third quarter valued at approximately $109,000. Institutional investors own 9.35% of the company’s stock.

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British American Tobacco 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 (NYSE:BTI)

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