British American Tobacco PLC (BTI) Receives Consensus Rating of “Hold” from Analysts

Shares of British American Tobacco PLC (NYSE:BTI) have received an average rating of “Hold” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of British American Tobacco from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, February 12th. Piper Jaffray Companies raised shares of British American Tobacco from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 29th. Cowen cut shares of British American Tobacco from an “outperform” rating to a “market perform” rating in a research note on Monday, January 7th. Finally, Royal Bank of Canada raised shares of British American Tobacco from an “underperform” rating to a “sector perform” rating in a research note on Thursday, November 29th.

Shares of BTI stock opened at $40.54 on Friday. British American Tobacco has a 52-week low of $30.67 and a 52-week high of $60.81. The company has a market capitalization of $86.39 billion, a price-to-earnings ratio of 11.02, a price-to-earnings-growth ratio of 1.41 and a beta of 0.85. The company has a current ratio of 0.77, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 13th. Stockholders of record on Friday, March 22nd will be given a dividend of $0.6745 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $2.70 dividend on an annualized basis and a dividend yield of 6.66%. British American Tobacco’s dividend payout ratio is 72.83%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in shares of British American Tobacco by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 49,102 shares of the company’s stock worth $1,512,000 after purchasing an additional 3,037 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of British American Tobacco by 2.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,162,900 shares of the company’s stock worth $37,050,000 after purchasing an additional 23,501 shares in the last quarter. Aspire Private Capital LLC bought a new position in shares of British American Tobacco during the fourth quarter worth $282,000. Lake Point Wealth Management bought a new position in shares of British American Tobacco during the fourth quarter worth $271,000. Finally, HighPoint Advisor Group LLC bought a new position in shares of British American Tobacco during the fourth quarter worth $213,000. 6.32% of the stock is currently owned by institutional investors.

British American Tobacco Company Profile

British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.

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Analyst Recommendations for British American Tobacco (NYSE:BTI)

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