British American Tobacco (LON:BATS) Price Target Raised to GBX 3,800 at Royal Bank Of Canada

British American Tobacco (LON:BATS) had its price target increased by equities research analysts at Royal Bank Of Canada from GBX 3,600 to GBX 3,800 in a research report issued on Tuesday,Digital Look reports. The firm presently has an “underperform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 10.10% from the stock’s current price.

Several other research analysts have also recently issued reports on the company. UBS Group reaffirmed a “buy” rating and issued a GBX 5,750 price target on shares of British American Tobacco in a report on Friday, May 29th. Jefferies Financial Group lifted their target price on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 5,100 target price on shares of British American Tobacco in a research report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 4,858.33.

British American Tobacco Stock Performance

Shares of BATS opened at GBX 4,227 on Tuesday. The company has a debt-to-equity ratio of 8.31, a current ratio of 0.84 and a quick ratio of 0.47. The firm’s 50 day moving average is GBX 4,530.36 and its 200-day moving average is GBX 4,476.93. British American Tobacco has a 12-month low of GBX 3,677 and a 12-month high of GBX 5,368. The stock has a market capitalization of £91.17 billion, a P/E ratio of 14.54, a P/E/G ratio of 3.12 and a beta of 0.13.

British American Tobacco (LON:BATS) last released its earnings results on Thursday, July 30th. The company reported GBX 203.60 EPS for the quarter. British American Tobacco had a net margin of 24.99% and a return on equity of 13.38%. Equities research analysts anticipate that British American Tobacco will post 361.5079365 EPS for the current fiscal year.

Insider Transactions at British American Tobacco

In related news, insider Matthew Wright purchased 5,500 shares of British American Tobacco stock in a transaction on Monday, August 3rd. The stock was bought at an average price of GBX 4,500 per share, with a total value of £247,500. Also, insider Serpil Timuray purchased 47 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were bought at an average price of GBX 4,372 per share, with a total value of £2,054.84. Insiders have acquired a total of 10,564 shares of company stock worth $46,561,206 in the last 90 days. 0.13% of the stock is owned by insiders.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.