British American Tobacco (LON:BATS) Stock Price Expected to Rise, Deutsche Bank Aktiengesellschaft Analyst Says

Key Points

• Deutsche Bank Aktiengesellschaft has increased its target price for British American Tobacco from GBX 4,200 to GBX 4,400, indicating a potential upside of 6.95% from the stock's previous close.
• Citigroup has also restated a "buy" rating on British American Tobacco, suggesting strong analyst confidence in the stock.
• The company reported an EPS of GBX 162.90 for the last quarter, with analysts predicting earnings of approximately 361.51 EPS for the current fiscal year.

British American Tobacco (LON:BATS - Get Free Report) had its target price increased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 4,200 ($55.48) to GBX 4,400 ($58.12) in a research report issued to clients and investors on Thursday,Digital Look reports. The firm presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 6.95% from the company's previous close.

Separately, Citigroup restated a "buy" rating on shares of British American Tobacco in a research note on Wednesday.

British American Tobacco Trading Up 1.8%

Shares of LON BATS opened at GBX 4,114 ($54.35) on Thursday. The stock has a market cap of £90.51 billion, a price-to-earnings ratio of -6.64, a PEG ratio of 3.12 and a beta of 0.27. The business has a 50 day simple moving average of GBX 3,609 and a 200 day simple moving average of GBX 3,301.83. British American Tobacco has a 52 week low of GBX 2,556.23 ($33.77) and a 52 week high of GBX 4,136 ($54.64). 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 issued its earnings results on Thursday, July 31st. The company reported GBX 162.90 ($2.15) EPS 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, research analysts predict that British American Tobacco will post 361.5079365 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Tadeu Marroco purchased 601 shares of the business's stock in a transaction dated Friday, May 9th. The stock was purchased at an average cost of GBX 3,296 ($43.54) per share, with a total value of £19,808.96 ($26,167.71). Insiders purchased 829 shares of company stock valued at $2,751,446 over the last three months. Corporate insiders own 10.55% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.