British American Tobacco (NYSE:BTI) Reaches New 52-Week High - What's Next?

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.41 and last traded at $45.27, with a volume of 5559028 shares traded. The stock had previously closed at $45.22.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a research report on Monday, January 27th. Finally, Bank of America assumed coverage on shares of British American Tobacco in a research report on Wednesday, April 30th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, British American Tobacco currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

British American Tobacco Price Performance

The stock has a market cap of $93.58 billion, a PE ratio of 9.30 and a beta of 0.32. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.76 and a quick ratio of 0.58. The business has a fifty day moving average of $42.04 and a 200 day moving average of $39.49.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BTI. Capital International Investors lifted its holdings in British American Tobacco by 17.1% during the 4th quarter. Capital International Investors now owns 38,873,006 shares of the company's stock worth $1,411,179,000 after buying an additional 5,673,619 shares during the last quarter. GQG Partners LLC lifted its holdings in British American Tobacco by 59.8% during the 1st quarter. GQG Partners LLC now owns 9,598,465 shares of the company's stock worth $397,089,000 after buying an additional 3,590,916 shares during the last quarter. FMR LLC lifted its holdings in British American Tobacco by 44.0% during the 4th quarter. FMR LLC now owns 10,232,402 shares of the company's stock worth $371,641,000 after buying an additional 3,127,046 shares during the last quarter. Orbis Allan Gray Ltd lifted its holdings in British American Tobacco by 20.4% during the 1st quarter. Orbis Allan Gray Ltd now owns 12,021,231 shares of the company's stock worth $497,318,000 after buying an additional 2,040,011 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in British American Tobacco by 2,565.4% during the 4th quarter. Bank of Montreal Can now owns 2,079,322 shares of the company's stock worth $75,521,000 after buying an additional 2,001,311 shares during the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.

British American Tobacco Company Profile

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.

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