British American Tobacco (LON:BATS) Reaches New 1-Year High After Analyst Upgrade

British American Tobacco p.l.c. (LON:BATS) shares hit a new 52-week high on Friday after Citigroup raised their price target on the stock from GBX 4,450 to GBX 4,850. Citigroup currently has a buy rating on the stock. British American Tobacco traded as high as GBX 4,427 and last traded at GBX 4,410.69, with a volume of 2893597 shares changing hands. The stock had previously closed at GBX 4,340.

Several other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on British American Tobacco from GBX 4,400 to GBX 4,900 and gave the company a “buy” rating in a research report on Friday. Jefferies Financial Group upped their price objective on British American Tobacco from GBX 4,800 to GBX 5,200 and gave the stock a “buy” rating in a research report on Tuesday, August 5th. Finally, Royal Bank Of Canada cut shares of British American Tobacco to an “underperform” rating and raised their price objective for the stock from GBX 3,000 to GBX 3,400 in a research note on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of GBX 4,500.

British American Tobacco Price Performance

The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.63. The stock’s 50-day simple moving average is GBX 3,995.90 and its two-hundred day simple moving average is GBX 3,870.66. The company has a market capitalization of £96.02 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 3.12 and a beta of 0.27.

British American Tobacco Company Profile

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.