Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for British American Tobacco (LON:BATS) Stock

British American Tobacco (LON:BATS - Get Free Report) had its price target raised by Deutsche Bank Aktiengesellschaft from GBX 3,800 ($50.97) to GBX 4,200 ($56.34) in a report issued on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target suggests a potential upside of 9.86% from the stock's previous close.

Separately, Citigroup raised their price objective on shares of British American Tobacco from GBX 3,600 ($48.29) to GBX 3,900 ($52.31) and gave the stock a "buy" rating in a research note on Thursday, July 10th.

British American Tobacco Trading Up 0.3%

Shares of British American Tobacco stock opened at GBX 3,823 ($51.28) on Friday. British American Tobacco has a 12-month low of GBX 2,228.78 ($29.90) and a 12-month high of GBX 3,904 ($52.37). The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The stock has a market cap of £84.11 billion, a PE ratio of -6.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27. The company has a 50-day moving average of GBX 3,475.64 and a two-hundred day moving average of GBX 3,246.64.

Insider Buying and Selling at British American Tobacco

In related news, insider Tadeu Marroco purchased 601 shares of the firm's stock in a transaction on Friday, May 9th. The shares were bought at an average price of GBX 3,296 ($44.21) per share, for a total transaction of £19,808.96 ($26,571.37). In the last quarter, insiders have acquired 829 shares of company stock valued at $2,751,446. 10.55% of the stock is owned by company insiders.

British American Tobacco Company Profile

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector. BAT is transforming and is well positioned with a global footprint and multi-category portfolio.

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