British American Tobacco (LON:BATS) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

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British American Tobacco p.l.c. (LON:BATS - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,405.33 ($46.06) and traded as high as GBX 4,262 ($57.65). British American Tobacco shares last traded at GBX 4,256.85 ($57.58), with a volume of 2,454,930 shares traded.

Analyst Ratings Changes

A number of research firms have commented on BATS. JPMorgan Chase & Co. upped their price target on British American Tobacco from GBX 2,800 to GBX 3,300 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Jefferies Financial Group upped their price target on British American Tobacco from GBX 4,800 to GBX 5,200 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. Citigroup reiterated a "buy" rating on shares of British American Tobacco in a research note on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 3,000 price objective on shares of British American Tobacco in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on British American Tobacco from GBX 4,200 to GBX 4,400 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 3,960.

British American Tobacco Stock Performance

The firm has a market capitalization of £95.77 billion, a price-to-earnings ratio of -7.02, a PEG 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 firm has a 50 day moving average price of GBX 3,870.57 and a 200-day moving average price of GBX 3,434.87.

British American Tobacco (LON:BATS - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 162.90 earnings per share (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, sell-side analysts expect that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other British American Tobacco news, insider Soraya Benchikh purchased 55 shares of the business's stock in a transaction on Monday, August 4th. The shares were bought at an average cost of GBX 4,131 per share, for a total transaction of £2,272.05. Also, insider Tadeu Marroco purchased 170 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of GBX 4,182 per share, for a total transaction of £7,109.40. Over the last 90 days, insiders acquired 646 shares of company stock worth $2,664,666. 10.55% of the stock is owned by 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.