Brokerages Set British American Tobacco (BATS) Target Price at $5,430.36

Shares of British American Tobacco (LON:BATS) have received an average rating of “Buy” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 5,430.36 ($72.86).

A number of equities research analysts have commented on the company. Goldman Sachs upped their price target on British American Tobacco from GBX 5,600 ($75.14) to GBX 5,850 ($78.49) and gave the company a “buy” rating in a research report on Wednesday, February 7th. Jefferies Group reiterated a “buy” rating on shares of British American Tobacco in a research report on Tuesday, May 8th. Citigroup reiterated a “neutral” rating on shares of British American Tobacco in a research report on Thursday, March 1st. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 5,800 ($77.82) price target on shares of British American Tobacco in a research report on Monday, January 29th. Finally, JPMorgan Chase reiterated an “overweight” rating and issued a GBX 5,610 ($75.27) price target on shares of British American Tobacco in a research report on Thursday, February 22nd.

Get British American Tobacco alerts:

In related news, insider Naresh Sethi sold 13,597 shares of the company’s stock in a transaction dated Tuesday, March 27th. The stock was sold at an average price of GBX 3,943 ($52.90), for a total transaction of 拢536,129.71 ($719,347.52). Also, insider Richard Burrows bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were acquired at an average price of GBX 4,236 ($56.84) per share, for a total transaction of 拢169,440 ($227,344.69). In the last 90 days, insiders have sold 24,900 shares of company stock worth $99,795,847.

Shares of BATS stock opened at GBX 3,813 ($51.16) on Friday. British American Tobacco has a twelve month low of GBX 4,064 ($54.53) and a twelve month high of GBX 5,643.60 ($75.72).

The firm also recently announced a dividend, which was paid on Wednesday, May 9th. Investors of record on Thursday, March 22nd were given a dividend of GBX 48.80 ($0.65) per share. 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. This represents a dividend yield of 1.09%.

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 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.