British American Tobacco (NYSE:BTI) Now Covered by Jefferies Financial Group

Jefferies Financial Group began coverage on shares of British American Tobacco (NYSE:BTI - Get Free Report) in a note issued to investors on Wednesday, Marketbeat reports. The brokerage set a "buy" rating on the stock.

Several other brokerages have also recently issued reports on BTI. Barclays reaffirmed an "overweight" rating on shares of British American Tobacco in a report on Friday, June 13th. Bank of America initiated coverage on British American Tobacco in a research report on Wednesday, April 30th. They issued a "buy" rating for the company. Finally, Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Sunday. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Price Performance

Shares of BTI stock traded up $1.19 during trading hours on Wednesday, hitting $49.12. The stock had a trading volume of 8,285,355 shares, compared to its average volume of 5,237,587. British American Tobacco has a one year low of $31.50 and a one year high of $49.77. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.52. The stock's 50-day moving average price is $45.94 and its two-hundred day moving average price is $41.74. The stock has a market capitalization of $101.43 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 4.52 and a beta of 0.33.

Institutional Trading of British American Tobacco

Several institutional investors and hedge funds have recently modified their holdings of the stock. Intelligence Driven Advisers LLC bought a new stake in shares of British American Tobacco during the second quarter valued at approximately $632,000. Bruce G. Allen Investments LLC raised its stake in British American Tobacco by 43.4% in the second quarter. Bruce G. Allen Investments LLC now owns 2,558 shares of the company's stock worth $121,000 after buying an additional 774 shares in the last quarter. Sunpointe LLC bought a new position in British American Tobacco in the second quarter worth approximately $368,000. Affinity Capital Advisors LLC bought a new position in British American Tobacco in the second quarter worth approximately $226,000. Finally, Aaron Wealth Advisors LLC raised its stake in British American Tobacco by 7.6% in the second quarter. Aaron Wealth Advisors LLC now owns 14,859 shares of the company's stock worth $703,000 after buying an additional 1,048 shares in the last quarter. Institutional investors own 16.16% of the company's stock.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.