British American Tobacco (LON:BATS) Stock Price Passes Above 200-Day Moving Average – What’s Next?

British American Tobacco p.l.c. (LON:BATS) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,166.60 and traded as high as GBX 4,475. British American Tobacco shares last traded at GBX 4,369.70, with a volume of 2,783,501 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of British American Tobacco from GBX 4,400 to GBX 4,900 and gave the stock a “buy” rating in a report on Friday, November 28th. JPMorgan Chase & Co. upped their price objective on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a “neutral” rating in a research note on Wednesday, November 26th. Citigroup raised their target price on British American Tobacco from GBX 4,450 to GBX 4,850 and gave the stock a “buy” rating in a report on Friday, November 28th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 5,200 target price on shares of British American Tobacco in a research report on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of GBX 4,500.

British American Tobacco Trading Up 2.1%

The company has a debt-to-equity ratio of 74.63, a quick ratio of 0.47 and a current ratio of 0.88. The company has a market capitalization of £99.13 billion, a PE ratio of 32.80, a PEG ratio of 3.12 and a beta of 0.27. The stock has a fifty day moving average of GBX 4,290.02 and a 200 day moving average of GBX 4,169.62.

British American Tobacco (LON:BATS) last released its quarterly earnings data on Thursday, February 12th. The company reported GBX 176.76 earnings per share (EPS) for the quarter. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%. As a group, sell-side analysts predict that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current fiscal year.

British American Tobacco Company Profile

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. Our corporate purpose is to build A Better Tomorrow™, reducing the health impact of our business, by offering adult consumers a greater choice of enjoyable and less risky*† products compared to cigarettes.