British American Tobacco p.l.c. (NYSE:BTI) Stock Has Average Price Target of $68.10

Shares of British American Tobacco p.l.c. (NYSE:BTI) have received a consensus rating of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $68.10.

A number of research firms have recently issued reports on BTI. Morningstar upgraded shares of British American Tobacco to a “buy” rating in a report on Thursday, September 10th. SBG Securities upgraded shares of British American Tobacco to a “buy” rating in a report on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of British American Tobacco in a research report on Wednesday, September 2nd. BTIG Research started coverage on shares of British American Tobacco in a research report on Tuesday, July 21st. They issued a “buy” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of British American Tobacco in a research note on Wednesday, September 30th.

British American Tobacco Trading Up 1.1%

Shares of British American Tobacco stock opened at $60.15 on Tuesday. The business’s 50 day simple moving average is $56.08 and its 200 day simple moving average is $58.98. British American Tobacco has a 52-week low of $50.84 and a 52-week high of $67.30. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.84 and a quick ratio of 0.50.

British American Tobacco (NYSE:BTI) last released its earnings results on Wednesday, July 29th. The company reported $1.11 EPS for the quarter, missing the consensus estimate of $2.21 by ($1.10). The business had revenue of $8.10 billion during the quarter, compared to analysts’ expectations of $16.42 billion. On average, equities research analysts forecast that British American Tobacco will post 4.81 EPS for the current fiscal year.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of British American Tobacco by 34.4% in the first quarter. Bank of America Corp DE now owns 9,736,843 shares of the company’s stock valued at $569,313,000 after acquiring an additional 2,494,576 shares during the last quarter. Royal Bank of Canada raised its holdings in British American Tobacco by 18.1% during the first quarter. Royal Bank of Canada now owns 2,413,551 shares of the company’s stock worth $141,120,000 after acquiring an additional 369,993 shares in the last quarter. WCM Investment Management LLC boosted its position in British American Tobacco by 3,899.7% during the first quarter. WCM Investment Management LLC now owns 2,362,818 shares of the company’s stock valued at $137,658,000 after purchasing an additional 2,303,743 shares during the last quarter. Maple Rock Capital Partners Inc. boosted its position in British American Tobacco by 36.3% during the second quarter. Maple Rock Capital Partners Inc. now owns 2,166,000 shares of the company’s stock valued at $133,772,000 after purchasing an additional 576,900 shares during the last quarter. Finally, Sei Investments Co. boosted its position in British American Tobacco by 75.3% during the first quarter. Sei Investments Co. now owns 1,303,646 shares of the company’s stock valued at $76,223,000 after purchasing an additional 559,858 shares during the last quarter. Institutional investors own 16.16% of the company’s stock.

About British American Tobacco

British American Tobacco p.l.c. (NYSE:BTI) is a multinational tobacco and nicotine products company headquartered in London, United Kingdom. The company develops, manufactures and markets combustible tobacco products, including cigarettes and other traditional tobacco products, as well as a growing portfolio of potentially reduced-risk nicotine products.

Its brands include Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans and Newport, along with non-combustible products such as Vuse vapor products, glo heated tobacco products and Velo modern oral nicotine pouches.