British American Tobacco (LON:BATS) Announces Earnings Results

British American Tobacco (LON:BATS) posted its quarterly earnings results on Thursday. The company reported GBX 203.60 EPS for the quarter, Digital Look Earnings reports. British American Tobacco had a net margin of 30.23% and a return on equity of 16.33%.

British American Tobacco Stock Down 3.9%

Shares of British American Tobacco stock traded down GBX 186 during trading hours on Thursday, reaching GBX 4,554. The company’s stock had a trading volume of 602,740,063 shares, compared to its average volume of 14,083,431. The company has a market capitalization of £92.29 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.12 and a beta of 0.13. The stock’s fifty day simple moving average is GBX 4,584.88 and its two-hundred day simple moving average is GBX 4,465.63. British American Tobacco has a one year low of GBX 3,677 and a one year high of GBX 5,368. The company has a debt-to-equity ratio of 74.60, a quick ratio of 0.47 and a current ratio of 0.87.

Insider Activity

In related news, insider Tadeu Marroco purchased 5,000 shares of the business’s stock in a transaction on Friday, June 5th. The stock was acquired at an average price of GBX 4,306 per share, for a total transaction of £215,300. Also, insider Serpil Timuray acquired 47 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of GBX 4,372 per share, with a total value of £2,054.84. Over the last three months, insiders have bought 11,506 shares of company stock valued at $50,267,032. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently commented on the company. UBS Group restated a “buy” rating and issued a GBX 5,750 target price on shares of British American Tobacco in a research note on Friday, May 29th. Jefferies Financial Group increased their price target on British American Tobacco from GBX 5,200 to GBX 5,500 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 4,758.33.

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. 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.