British American Tobacco (LON:BATS) Reaches New 12-Month High - Time to Buy?

Shares of British American Tobacco p.l.c. (LON:BATS - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3,906 ($52.76) and last traded at GBX 3,902 ($52.71), with a volume of 5155675 shares changing hands. The stock had previously closed at GBX 3,836 ($51.82).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup upped their target price on British American Tobacco from GBX 3,600 ($48.63) to GBX 3,900 ($52.68) and gave the company a "buy" rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft upped their target price on British American Tobacco from GBX 3,800 ($51.33) to GBX 4,200 ($56.73) and gave the company a "buy" rating in a report on Friday, July 18th.

British American Tobacco Trading Down 0.3%

The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.63. The firm has a 50 day moving average of GBX 3,540.22 and a 200 day moving average of GBX 3,267.55. The firm has a market cap of £85.80 billion, a PE ratio of -6.29, a P/E/G ratio of 3.12 and a beta of 0.27.

Insider Buying and Selling

In other news, insider Tadeu Marroco acquired 601 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were acquired at an average price of GBX 3,296 ($44.52) per share, for a total transaction of £19,808.96 ($26,758.02). Insiders purchased a total of 829 shares of company stock valued at $2,751,446 in the last quarter. 10.55% of the stock is currently owned by corporate insiders.

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.