British American Tobacco (LON:BATS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

British American Tobacco p.l.c. (LON:BATS) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,722.67 ($34.26) and traded as high as GBX 2,893 ($36.40). British American Tobacco shares last traded at GBX 2,880 ($36.24), with a volume of 588,380 shares.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,800 ($35.23) price objective on shares of British American Tobacco in a report on Thursday, December 12th.

British American Tobacco Price Performance

The stock has a market cap of £63.94 billion, a P/E ratio of -465.11, a PEG ratio of 3.12 and a beta of 0.27. The company has a 50 day simple moving average of GBX 2,839.61 and a 200 day simple moving average of GBX 2,723.84. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.14.

British American Tobacco Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be given a GBX 58.88 ($0.74) dividend. The ex-dividend date is Thursday, December 19th. This represents a yield of 2.54%. This is an increase from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s dividend payout ratio (DPR) is -3,794.21%.

Insider Transactions at British American Tobacco

In other news, insider Tadeu Marroco purchased 48 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of GBX 2,716 ($34.18) per share, with a total value of £1,303.68 ($1,640.47). Insiders acquired a total of 63 shares of company stock worth $172,798 in the last three months. Insiders own 10.55% of the company’s stock.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio.