British American Tobacco p.l.c. (NYSE:BTI) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• British American Tobacco p.l.c. (NYSE:BTI) has received a consensus recommendation of "Hold" from eight research firms, with two ratings as sell, one as hold, and five as buy.
• The average 1-year price target for the stock is set at $51.00, while the current stock price is $51.12.
• Major institutional investors have recently increased their stakes in British American Tobacco, with Lockheed Martin Investment Management Co. boosting its position by 27.7%.

Shares of British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) have received a consensus recommendation of "Hold" from the eight research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $51.00.

BTI has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of British American Tobacco in a research note on Wednesday, July 9th. They set a "buy" rating for the company. Wall Street Zen lowered British American Tobacco from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada lowered British American Tobacco from a "sector perform" rating to an "underperform" rating in a research report on Tuesday, September 2nd. Morgan Stanley restated an "underweight" rating and set a $40.00 price objective on shares of British American Tobacco in a report on Friday, August 15th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of British American Tobacco in a report on Wednesday, October 8th.

Institutional Investors Weigh In On British American Tobacco

Large investors have recently added to or reduced their stakes in the stock. Lockheed Martin Investment Management Co. boosted its position in British American Tobacco by 27.7% in the 1st quarter. Lockheed Martin Investment Management Co. now owns 141,000 shares of the company's stock valued at $5,833,000 after buying an additional 30,600 shares during the period. Consolidated Portfolio Review Corp purchased a new stake in shares of British American Tobacco in the first quarter valued at approximately $375,000. Atria Wealth Solutions Inc. lifted its holdings in shares of British American Tobacco by 28.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 25,726 shares of the company's stock worth $1,074,000 after buying an additional 5,745 shares during the period. Todd Asset Management LLC lifted its holdings in shares of British American Tobacco by 26.9% in the 1st quarter. Todd Asset Management LLC now owns 741,893 shares of the company's stock worth $30,692,000 after buying an additional 157,251 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of British American Tobacco by 12.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 233,271 shares of the company's stock worth $9,650,000 after buying an additional 24,962 shares during the period. 16.16% of the stock is owned by hedge funds and other institutional investors.

British American Tobacco Stock Up 0.7%

NYSE BTI opened at $51.12 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.87 and a debt-to-equity ratio of 0.68. The company has a fifty day moving average of $54.98 and a two-hundred day moving average of $49.38. The firm has a market capitalization of $105.05 billion, a price-to-earnings ratio of 10.50, a PEG ratio of 3.58 and a beta of 0.42. British American Tobacco has a 52 week low of $34.17 and a 52 week high of $59.29.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.