Credit Suisse Group Reiterates “GBX 4,010” Price Target for British American Tobacco Plc Ads (BATS)

Credit Suisse Group set a GBX 4,010 ($52.40) price objective on British American Tobacco Plc Ads (LON:BATS) in a research note published on Monday morning. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on BATS. Barclays reissued an overweight rating and issued a GBX 4,000 ($52.27) price objective (down previously from GBX 5,000 ($65.33)) on shares of British American Tobacco Plc Ads in a research report on Monday, November 12th. Goldman Sachs Group cut their price objective on British American Tobacco Plc Ads from GBX 5,350 ($69.91) to GBX 4,860 ($63.50) and set a buy rating on the stock in a research report on Monday, November 12th. Cfra set a GBX 3,500 ($45.73) price target on British American Tobacco Plc Ads and gave the company a buy rating in a research report on Tuesday, November 13th. UBS Group set a GBX 5,650 ($73.83) price target on British American Tobacco Plc Ads and gave the company a buy rating in a research report on Tuesday, November 13th. Finally, Deutsche Bank dropped their price target on British American Tobacco Plc Ads from GBX 6,000 ($78.40) to GBX 4,000 ($52.27) and set a buy rating on the stock in a research report on Thursday, November 15th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of GBX 3,868.67 ($50.55).

BATS stock opened at GBX 2,998.50 ($39.18) on Monday. British American Tobacco Plc Ads has a 1-year low of GBX 4,064 ($53.10) and a 1-year high of GBX 5,643.60 ($73.74).

The company also recently declared a dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Thursday, March 21st will be given a dividend of GBX 50.75 ($0.66) per share. This represents a dividend yield of 1.82%. The ex-dividend date is Thursday, March 21st. This is a boost from British American Tobacco Plc Ads’s previous dividend of $48.80.

In other news, insider Ben Stevens purchased 689 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average price of GBX 2,883 ($37.67) per share, with a total value of £19,863.87 ($25,955.66).

About British American Tobacco Plc Ads

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco Plc Ads (LON:BATS)

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