British American Tobacco Plc Ads (LON:BATS) received a GBX 2,800 ($36.59) price objective from Royal Bank of Canada in a report issued on Friday, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Royal Bank of Canada’s price objective would suggest a potential downside of 3.63% from the stock’s current price.
A number of other brokerages also recently commented on BATS. Liberum Capital raised shares of to a “hold” rating and set a GBX 840 ($10.98) price objective for the company in a research report on Wednesday, June 12th. UBS Group lifted their price objective on shares of Fortis from C$54.00 to C$55.00 in a research report on Wednesday, March 20th. Barclays reissued an “overweight” rating and issued a GBX 3,150 ($41.16) price objective on shares of in a research report on Wednesday, June 5th. Deutsche Bank lifted their price objective on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday. Finally, Morgan Stanley started coverage on shares of in a research report on Monday, June 17th. They issued an “equal weight” rating and a GBX 215 ($2.81) price objective for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 3,817.50 ($49.88).
Shares of BATS opened at GBX 2,905.50 ($37.97) on Friday. The company has a 50-day moving average price of GBX 2,884.54. British American Tobacco Plc Ads has a one year low of GBX 2,336.50 ($30.53) and a one year high of GBX 4,265 ($55.73). The company has a market cap of $66.65 billion and a P/E ratio of 11.04. The company has a current ratio of 0.78, a quick ratio of 0.40 and a debt-to-equity ratio of 72.33.
In related news, insider Jack Bowles sold 6,811 shares of British American Tobacco Plc Ads stock in a transaction dated Monday, May 20th. The shares were sold at an average price of GBX 2,947 ($38.51), for a total transaction of £200,720.17 ($262,276.45).
British American Tobacco Plc Ads 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, 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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