British American Tobacco (LON:BATS) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group reiterated a Buy rating on British American Tobacco and set a GBX 5,200 price target, implying roughly a 21.8% upside from the prior close.
• Analyst views are mixed: Citigroup and Deutsche Bank also issued upgrades with Buy ratings while JPMorgan is Neutral, and MarketBeat’s consensus remains an average "Hold" with a target of GBX 4,500.
• BATS trades around GBX 4,269 with a market cap of about £92.7bn, a PE of 30.65, and a 1‑year range of GBX 2,916–4,806 (50‑day/200‑day moving averages near GBX 4,235 and 4,079).

British American Tobacco (LON:BATS - Get Free Report)'s stock had its "buy" rating reiterated by equities researchers at Jefferies Financial Group in a research note issued to investors on Tuesday,Digital Look reports. They presently have a GBX 5,200 price target on the stock. Jefferies Financial Group's target price points to a potential upside of 21.81% from the stock's previous close.

Several other research firms have also commented on BATS. Citigroup boosted their price objective on shares of British American Tobacco from GBX 4,450 to GBX 4,850 and gave the stock a "buy" rating in a research note on Friday, November 28th. JPMorgan Chase & Co. upped their price target on British American Tobacco from GBX 3,300 to GBX 4,150 and gave the stock a "neutral" rating in a research report on Wednesday, November 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on British American Tobacco from GBX 4,400 to GBX 4,900 and gave the company a "buy" rating in a research report on Friday, November 28th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of GBX 4,500.

British American Tobacco Price Performance

BATS opened at GBX 4,269 on Tuesday. The firm has a market capitalization of £92.74 billion, a PE ratio of 30.65, 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 current ratio of 0.88 and a quick ratio of 0.47. The business's 50-day moving average is GBX 4,235.05 and its two-hundred day moving average is GBX 4,078.95. British American Tobacco has a 1 year low of GBX 2,916 and a 1 year high of GBX 4,806.

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.

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