SBG Securities Upgrades British American Tobacco p.l.c. (NYSE:BTI) to “Buy”

British American Tobacco p.l.c. (NYSE:BTI) was upgraded by research analysts at SBG Securities from a “hold” rating to a “buy” rating in a research report issued on Monday, July 31st.

Several other equities research analysts have also issued reports on BTI. Exane BNP Paribas upgraded shares of British American Tobacco p.l.c. to an “outperform” rating in a research note on Thursday, April 6th. Piper Jaffray Companies reaffirmed a “buy” rating on shares of British American Tobacco p.l.c. in a report on Monday, July 31st. Zacks Investment Research raised shares of British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a report on Friday, April 21st. Finally, Bank of America Corporation set a $79.00 price objective on shares of British American Tobacco p.l.c. and gave the stock a “buy” rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $71.00.

Shares of British American Tobacco p.l.c. (NYSE BTI) traded up 0.05% during mid-day trading on Monday, reaching $62.91. The company had a trading volume of 4,161,739 shares. The company has a market capitalization of $116.89 billion, a price-to-earnings ratio of 20.96 and a beta of 1.02. The firm’s 50-day moving average is $67.33 and its 200 day moving average is $73.44. British American Tobacco p.l.c. has a 12 month low of $60.15 and a 12 month high of $130.40.

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Large investors have recently bought and sold shares of the company. Prospera Financial Services Inc acquired a new stake in British American Tobacco p.l.c. during the second quarter valued at approximately $378,000. Hays Advisory LLC increased its position in shares of British American Tobacco p.l.c. by 5.1% in the second quarter. Hays Advisory LLC now owns 4,129 shares of the company’s stock valued at $283,000 after buying an additional 199 shares in the last quarter. Huntington National Bank increased its position in shares of British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock valued at $185,000 after buying an additional 788 shares in the last quarter. RB Capital Management LLC purchased a new position in shares of British American Tobacco p.l.c. during the second quarter valued at about $306,000. Finally, United States Steel & Carnegie Pension Fund increased its position in shares of British American Tobacco p.l.c. by 320.6% in the first quarter. United States Steel & Carnegie Pension Fund now owns 636,400 shares of the company’s stock valued at $42,206,000 after buying an additional 485,100 shares in the last quarter. 5.55% of the stock is currently owned by institutional investors and hedge funds.

British American Tobacco p.l.c. Company Profile

British American Tobacco p.l.c. is a tobacco and next generation products company. The Company’s tobacco product range includes cigarettes, fine cut (roll-your-own and make-your-own tobacco) and Swedish-style snus. Its segments include Asia-Pacific, Americas, Western Europe, and Eastern Europe, Middle East and Africa (EEMEA).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

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