A number of other equities analysts have also recently issued reports on the company. Goldman Sachs dropped their price objective on British American Tobacco from GBX 5,400 ($73.25) to GBX 5,350 ($72.57) and set a buy rating for the company in a report on Tuesday. Jefferies Group reaffirmed a buy rating on shares of British American Tobacco in a research report on Tuesday, May 8th. Morgan Stanley reaffirmed an overweight rating and set a GBX 5,500 ($74.61) target price on shares of British American Tobacco in a research report on Friday, March 23rd. Citigroup reaffirmed a neutral rating on shares of British American Tobacco in a research report on Thursday, March 1st. Finally, JPMorgan Chase decreased their target price on British American Tobacco from GBX 5,610 ($76.10) to GBX 5,185 ($70.33) and set an overweight rating for the company in a research report on Tuesday, February 27th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of GBX 5,501.56 ($74.63).
British American Tobacco opened at GBX 3,800 ($51.55) on Wednesday, according to MarketBeat. British American Tobacco has a 52-week low of GBX 4,064 ($55.13) and a 52-week high of GBX 5,643.60 ($76.55).
The business also recently declared a dividend, which was paid on Wednesday, May 9th. Stockholders of record on Thursday, March 22nd were given a GBX 48.80 ($0.66) dividend. This represents a dividend yield of 1.09%. This is a positive change from British American Tobacco’s previous dividend of $43.60. The ex-dividend date of this dividend was Thursday, March 22nd.
In related news, insider Richard Burrows purchased 4,000 shares of British American Tobacco stock in a transaction dated Thursday, February 22nd. The stock was purchased at an average cost of GBX 4,236 ($57.46) per share, with a total value of £169,440 ($229,842.65). Also, insider Kingsley Wheaton sold 1,000 shares of the business’s stock in a transaction on Friday, April 27th. The stock was sold at an average price of GBX 4,023 ($54.57), for a total value of £40,230 ($54,571.35). Over the last three months, insiders sold 24,900 shares of company stock valued at $99,795,847.
British American Tobacco Company Profile
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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