British American Tobacco (LON:BATS) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

British American Tobacco p.l.c. (LON:BATS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,288.93 ($43.65) and traded as high as GBX 3,939 ($52.28). British American Tobacco shares last traded at GBX 3,934 ($52.22), with a volume of 5,033,749 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BATS. Citigroup restated a "buy" rating on shares of British American Tobacco in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of British American Tobacco from GBX 4,200 ($55.75) to GBX 4,400 ($58.40) and gave the stock a "buy" rating in a report on Thursday.

British American Tobacco Stock Up 2.1%

The company has a market cap of £90.73 billion, a price-to-earnings ratio of -6.65, a P/E/G ratio of 3.12 and a beta of 0.27. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The business has a fifty day moving average price of GBX 3,624.77 and a two-hundred day moving average price of GBX 3,310.16.

British American Tobacco (LON:BATS - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 162.90 ($2.16) earnings per share for the quarter. British American Tobacco had a negative return on equity of 25.94% and a negative net margin of 52.84%. On average, equities analysts predict that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current year.

Insider Activity at British American Tobacco

In other news, insider Tadeu Marroco purchased 206 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was acquired at an average price of GBX 3,379 ($44.85) per share, with a total value of £6,960.74 ($9,239.10). Over the last three months, insiders purchased 829 shares of company stock valued at $2,751,446. Insiders own 10.55% of the company's stock.

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.