British American Tobacco (NYSE:BTI) Shares Gap Up - Should You Buy?

British American Tobacco p.l.c. (NYSE:BTI - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $37.91, but opened at $39.09. British American Tobacco shares last traded at $39.12, with a volume of 1,761,840 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BTI shares. Barclays upgraded British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. UBS Group raised shares of British American Tobacco from a "neutral" rating to a "buy" rating in a report on Monday. Morgan Stanley lowered shares of British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 target price for the company. in a research note on Thursday, October 3rd. Finally, StockNews.com cut British American Tobacco from a "buy" rating to a "hold" rating in a report on Tuesday, November 12th.

British American Tobacco Trading Up 4.4 %

The business's 50 day moving average is $36.91 and its two-hundred day moving average is $36.24. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC raised its position in British American Tobacco by 67.7% in the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC lifted its stake in British American Tobacco by 7.7% during the third quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock valued at $105,111,000 after purchasing an additional 206,117 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in British American Tobacco during the third quarter worth approximately $28,183,000. Bridgewater Associates LP acquired a new position in British American Tobacco in the third quarter worth approximately $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of British American Tobacco by 3,153.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock valued at $20,927,000 after acquiring an additional 554,491 shares during the last quarter. 16.16% of the stock is currently owned by institutional investors.

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.