Jefferies Financial Group Forecasts Strong Price Appreciation for British American Tobacco (LON:BATS) Stock

British American Tobacco (LON:BATS) had its target price lifted by analysts at Jefferies Financial Group from GBX 5,200 to GBX 5,500 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 20.92% from the stock’s previous close.

Separately, UBS Group reiterated a “buy” rating and set a GBX 5,750 price target on shares of British American Tobacco in a research report on Friday, May 29th. 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 4,758.33.

British American Tobacco Trading Up 2.3%

British American Tobacco stock traded up GBX 102.57 during trading hours on Tuesday, reaching GBX 4,548.57. 1,195,360,625 shares of the company’s stock traded hands, compared to its average volume of 21,552,580. The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87. British American Tobacco has a fifty-two week low of GBX 3,395 and a fifty-two week high of GBX 5,326. The firm has a market capitalization of £98.32 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 3.12 and a beta of 0.12. The firm’s 50 day moving average is GBX 4,488.40 and its 200-day moving average is GBX 4,396.78.

Insiders Place Their Bets

In other news, insider Tadeu Marroco purchased 6,036 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was bought at an average price of GBX 4,426 per share, with a total value of £267,153.36. Also, insider Serpil Timuray bought 47 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average cost of GBX 4,372 per share, with a total value of £2,054.84. Over the last three months, insiders have bought 11,500 shares of company stock worth $50,239,654. Insiders own 0.12% of the company’s stock.

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.