British American Tobacco PLC (BTI) Given Consensus Rating of “Hold” by Brokerages

Shares of British American Tobacco PLC (NYSE:BTI) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $66.00.

BTI has been the topic of several recent analyst reports. Piper Jaffray Companies upgraded British American Tobacco from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, February 12th. Finally, Citigroup upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a report on Thursday, March 28th.

BTI stock traded up $0.23 during midday trading on Monday, hitting $37.59. 989,591 shares of the company’s stock were exchanged, compared to its average volume of 1,545,572. The company has a current ratio of 0.77, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66. The firm has a market cap of $79.61 billion, a PE ratio of 9.49, a P/E/G ratio of 1.37 and a beta of 0.83. British American Tobacco has a one year low of $30.67 and a one year high of $55.77.

The company also recently declared a quarterly dividend, which was paid on Monday, May 13th. Stockholders of record on Friday, March 22nd were issued a $0.6745 dividend. The ex-dividend date was Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 7.18%. British American Tobacco’s dividend payout ratio (DPR) is 66.16%.

Several institutional investors have recently modified their holdings of the company. Newport Trust Co lifted its holdings in shares of British American Tobacco by 9.5% in the first quarter. Newport Trust Co now owns 4,573,501 shares of the company’s stock valued at $190,806,000 after purchasing an additional 395,970 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of British American Tobacco by 1.2% in the first quarter. Northern Trust Corp now owns 3,212,876 shares of the company’s stock valued at $134,039,000 after purchasing an additional 39,238 shares in the last quarter. Federated Investors Inc. PA lifted its holdings in shares of British American Tobacco by 47.4% in the first quarter. Federated Investors Inc. PA now owns 3,014,594 shares of the company’s stock valued at $125,769,000 after purchasing an additional 969,986 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of British American Tobacco by 99.5% in the fourth quarter. Deutsche Bank AG now owns 2,912,205 shares of the company’s stock valued at $92,780,000 after purchasing an additional 1,452,488 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of British American Tobacco by 41.9% in the first quarter. Wells Fargo & Company MN now owns 2,602,012 shares of the company’s stock valued at $108,556,000 after purchasing an additional 768,134 shares in the last quarter. Institutional investors own 6.48% of the company’s stock.

About British American Tobacco

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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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