British American Tobacco (NYSE:BTI) Sets 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 on Monday . The stock traded as high as $45.52 and last traded at $45.42, with a volume of 2267411 shares traded. The stock had previously closed at $45.20.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BTI shares. Wall Street Zen raised British American Tobacco from a "hold" rating to a "buy" rating in a report on Monday, February 17th. Bank of America began coverage on British American Tobacco in a report on Wednesday, April 30th. They set a "buy" rating on the stock. One 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Trading Down 0.4%

The company has a 50 day moving average of $42.68 and a 200 day moving average of $39.92. The company has a current ratio of 0.76, a quick ratio of 0.58 and a debt-to-equity ratio of 0.65. The firm has a market cap of $95.42 billion, a price-to-earnings ratio of 9.48 and a beta of 0.32.

Institutional Trading of British American Tobacco

Institutional investors have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton boosted its stake in British American Tobacco by 87.0% in the 1st quarter. Rosenberg Matthew Hamilton now owns 602 shares of the company's stock valued at $25,000 after buying an additional 280 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in British American Tobacco by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 610 shares of the company's stock worth $25,000 after purchasing an additional 305 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in British American Tobacco by 78.5% in the first quarter. Financial Management Professionals Inc. now owns 632 shares of the company's stock worth $26,000 after purchasing an additional 278 shares in the last quarter. Mather Group LLC. boosted its stake in British American Tobacco by 292.7% in the first quarter. Mather Group LLC. now owns 644 shares of the company's stock worth $27,000 after purchasing an additional 480 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in British American Tobacco in the fourth quarter worth $26,000. Institutional investors and hedge funds 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.