British American Tobacco (LON:BATS) Trading Down 8.8% – Here’s Why

British American Tobacco p.l.c. (LON:BATS) shares traded down 8.8% during mid-day trading on Thursday . The stock traded as low as GBX 3,058 ($38.06) and last traded at GBX 3,095 ($38.52). 7,627,224 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 29,680,900 shares. The stock had previously closed at GBX 3,394 ($42.25).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,800 ($34.85) target price on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Trading Down 8.8 %

The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The firm has a market capitalization of £68.09 billion, a PE ratio of -4.99, a P/E/G ratio of 3.12 and a beta of 0.27. The business has a 50 day moving average price of GBX 3,020.61 and a 200-day moving average price of GBX 2,866.23.

British American Tobacco (LON:BATS) last released its quarterly earnings data on Thursday, February 13th. The company reported GBX 364.30 ($4.53) earnings per share (EPS) for the quarter. British American Tobacco had a negative return on equity of 25.94% and a negative net margin of 52.84%. Analysts expect that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current year.

British American Tobacco Increases Dividend

The business also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were issued a GBX 58.88 ($0.73) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This is a boost from British American Tobacco’s previous dividend of $57.72. This represents a yield of 2.54%. British American Tobacco’s dividend payout ratio (DPR) is -38.08%.

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.