The British American Tobacco plc (BATS) Earns “Buy” Rating from Berenberg Bank

The British American Tobacco plc (BATS) Earns “Buy” Rating from Berenberg Bank

Several other research firms also recently weighed in on BATS. Whitman Howard restated a hold rating and set a GBX 5,300 ($68.08) target price on shares of British American Tobacco plc in a report on Thursday, February 23rd. Credit Suisse Group AG raised their target price on shares of British American Tobacco plc from GBX 5,100 ($65.51) to GBX 5,400 ($69.36) and gave the company an outperform rating in a report on Friday, February 24th. Citigroup Inc reiterated a buy rating and set a GBX 5,600 ($71.93) price target on shares of British American Tobacco plc in a report on Tuesday, February 14th. Jefferies Group LLC lifted their price target on shares of British American Tobacco plc from GBX 5,800 ($74.50) to GBX 6,600 ($84.78) and gave the stock a buy rating in a report on Wednesday, April 19th. Finally, Societe Generale lifted their price target on shares of British American Tobacco plc from GBX 5,400 ($69.36) to GBX 5,800 ($74.50) and gave the stock a buy rating in a report on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. British American Tobacco plc has a consensus rating of Buy and an average price target of GBX 5,543.13 ($71.20).

Berenberg Bank reiterated their buy rating on shares of British American Tobacco plc (LON:BATS) in a research report released on Monday, May 15th. The brokerage currently has a GBX 5,670 ($72.83) price target on the stock.

In other news, insider Ricardo Oberlander sold 6,719 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of GBX 5,371 ($68.99), for a total transaction of £360,877.49 ($463,554.90). Also, insider Pedro Malan bought 3,000 shares of British American Tobacco plc stock in a transaction dated Wednesday, April 12th. The shares were purchased at an average cost of GBX 5,376 ($69.06) per share, for a total transaction of £161,280 ($207,167.63). Over the last three months, insiders have bought 78,003 shares of company stock worth $413,343,783 and have sold 77,199 shares worth $409,742,751. British American Tobacco plc 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:BATS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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