British American Tobacco PLC (BTI) Receives Consensus Recommendation of "Buy" from Analysts

Author

17 September, 2017

British American Tobacco p.l.c. (ASX:BTI) stock has moved in a downward direction this week, causing concern for some investors.

BATS has been the subject of a number of research analyst reports. Citigroup Inc. restated a "buy" rating on shares of British American Tobacco plc in a report on Tuesday, November 15th. SBG Securities raised British American Tobacco p.l.c. from a "hold" rating to a "buy" rating in a research note on Monday, July 31st.

More notable recent British American Tobacco PLC (ADR) (NYSE:BTI) news were published by: Investorplace.com which released: "Buy Philip Morris (PM) on the Rise, Ditch Altria (MO)" on September 13, 2017, also Marketwatch.com with their article: "British American Tobacco profit jumps on FX effect" published on July 27, 2017, Benzinga.com published: "British American's Acquisition Of Reynolds Makes It Jefferies' Preferred ..." on January 17, 2017. Piper Jaffray Companies started coverage on British American Tobacco PLC in a research report on Thursday, May 25th. Finally, Berenberg Bank reaffirmed a "buy" rating and set a GBX 5,670 ($73.23) price objective on shares of British American Tobacco plc in a report on Tuesday, May 23rd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. The company presently has a consensus rating of "Buy" and a consensus target price of $69.00. (NYSE:BTI) opened at 63.99 on Friday. The stock is trading at $63.99 barely above $63.01, the 50 day moving average and just a bit lower than the 200 day moving average of $66.83.

The company's market capitalization is GBX 88.09 billion.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Week Herald and is owned by of Week Herald. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & global trademark and copyright law. The correct version of this story can be viewed at https://weekherald.com/2017/09/17/zacks-investment-research-downgrades-british-american-tobacco-p-l-c-bti-to-hold.html. Thomas White International Ltd sold 36,888 shares as the company's stock rose 13.21% with the market. Jane Street Group, LLC downsized its stake by selling 37,594 shares a decrease of 40.7% in the quarter. The company had a trading volume of 1,211,736 shares. The company was downgraded on Thursday, December 10 by Goldman Sachs. Over the last 90 days, insiders acquired 9,030 shares of company stock valued at $49,536,735. Finally, Huntington National Bank grew its stake in shares of British American Tobacco p.l.c.by 41.1% in the 2nd quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company's stock worth $42,206,000 after purchasing an additional 485,100 shares during the last quarter. IFP Advisors Inc increased its stake in British American Tobacco p.l.c.by 14.0% during the 2nd quarter. Northern Trust Corp now owns 2,089,238 shares of the company's stock valued at $143,197,000 after acquiring an additional 7,233 shares during the period.

Todd Asset Management Llc increased British Amern Tob Plc Adr (BTI) stake by 20.2% reported in 2016Q4 SEC filing. Schafer Cullen Capital Management Inc. now owns 1,278,569 shares of the company's stock valued at $87,633,000 after acquiring an additional 12,365 shares during the period.

About British American Tobacco p.l.c. The Company is engaged in manufacturing and marketing cigarettes and other tobacco products.


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