British American Tobacco PLC (BTI) Receives $79.00 Consensus Target Price from Analysts

Shares of British American Tobacco PLC (NYSE:BTI) have earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eleven have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $79.00.

Several equities research analysts have issued reports on BTI shares. Citigroup downgraded British American Tobacco from a “buy” rating to a “neutral” rating in a report on Wednesday, February 28th. Zacks Investment Research downgraded British American Tobacco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Jefferies Group set a $78.00 price objective on British American Tobacco and gave the stock a “buy” rating in a report on Saturday, November 18th.

Several hedge funds and other institutional investors have recently modified their holdings of BTI. Bank of New York Mellon Corp increased its holdings in shares of British American Tobacco by 1,509.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 8,032,924 shares of the company’s stock valued at $501,659,000 after acquiring an additional 7,533,669 shares during the last quarter. Evercore Trust Company N.A. bought a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $331,037,000. Cambiar Investors LLC increased its holdings in shares of British American Tobacco by 1,440.3% in the 4th quarter. Cambiar Investors LLC now owns 3,853,716 shares of the company’s stock valued at $258,160,000 after acquiring an additional 3,603,522 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $183,498,000. Finally, Legal & General Group Plc bought a new stake in shares of British American Tobacco in the 3rd quarter valued at approximately $180,398,000. Institutional investors and hedge funds own 9.09% of the company’s stock.

British American Tobacco (BTI) traded down $0.64 during mid-day trading on Wednesday, reaching $57.93. The company’s stock had a trading volume of 2,132,408 shares, compared to its average volume of 1,796,386. The company has a current ratio of 0.90, a quick ratio of 0.52 and a debt-to-equity ratio of 0.72. British American Tobacco has a 52 week low of $57.89 and a 52 week high of $73.41.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 20th. Stockholders of record on Friday, October 5th will be issued a $0.6792 dividend. The ex-dividend date is Thursday, October 4th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 4.69%.

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About British American Tobacco

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Analyst Recommendations for British American Tobacco (NYSE:BTI)

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