British American Tobacco (LON:BATS) Stock Crosses Above 200 Day Moving Average – What’s Next?

British American Tobacco p.l.c. (LON:BATS) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,003.04 and traded as high as GBX 4,240.64. British American Tobacco shares last traded at GBX 4,215, with a volume of 307,638 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BATS shares. Deutsche Bank Aktiengesellschaft raised 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, November 28th. Royal Bank Of Canada lowered British American Tobacco to an “underperform” rating and raised their target price for the company from GBX 3,000 to GBX 3,400 in a report on Tuesday, September 2nd. Citigroup lifted their price target on British American Tobacco from GBX 4,450 to GBX 4,850 and gave the stock a “buy” rating in a research report on Friday, November 28th. Finally, JPMorgan Chase & Co. upped their price target on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a “neutral” rating in a report on Wednesday, November 26th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 4,500.

British American Tobacco Stock Performance

The firm has a fifty day simple moving average of GBX 4,168.81 and a 200 day simple moving average of GBX 4,006.47. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The stock has a market cap of £91.66 billion, a price-to-earnings ratio of 30.26, 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. 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.