British American Tobacco's (BATS) Buy Rating Reiterated at Citigroup

Citigroup reaffirmed their buy rating on shares of British American Tobacco (LON:BATS - Free Report) in a research note issued to investors on Wednesday, MarketBeat Ratings reports.

Separately, Deutsche Bank Aktiengesellschaft raised their price objective on British American Tobacco from GBX 3,800 ($50.44) to GBX 4,200 ($55.75) and gave the stock a "buy" rating in a report on Friday, July 18th.

British American Tobacco Trading Up 2.1%

LON BATS traded up GBX 83.85 ($1.11) during trading hours on Wednesday, hitting GBX 4,123.85 ($54.74). 4,880,971 shares of the company's stock were exchanged, compared to its average volume of 10,624,846. The business's 50 day moving average is GBX 3,624.77 and its 200-day moving average is GBX 3,310.16. British American Tobacco has a 12-month low of GBX 2,556.23 ($33.93) and a 12-month high of GBX 4,149 ($55.07). The firm has a market capitalization of £90.73 billion, a P/E ratio of -6.65, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27. The company has a debt-to-equity ratio of 74.63, a quick ratio of 0.47 and a current ratio of 0.88.

British American Tobacco (LON:BATS - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported GBX 162.90 ($2.16) EPS for the quarter. British American Tobacco had a negative return on equity of 25.94% and a negative net margin of 52.84%. As a group, analysts anticipate that British American Tobacco will post 361.5079365 EPS for the current fiscal year.

Insider Buying and Selling at British American Tobacco

In other British American Tobacco news, insider Tadeu Marroco bought 206 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average cost of GBX 3,379 ($44.85) per share, with a total value of £6,960.74 ($9,239.10). Insiders bought a total of 829 shares of company stock valued at $2,751,446 over the last ninety days. 10.55% of the stock is owned by corporate insiders.

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.