According to Zacks, “British American Tobacco is the holding company of a group of companies which manufacture, market and sell tobacco products. “
Several other research firms also recently commented on BTI. Morgan Stanley downgraded British American Tobacco from an equal rating to an underweight rating in a report on Monday, June 17th. Citigroup upgraded British American Tobacco from a neutral rating to a buy rating in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $53.00.
BTI opened at $37.52 on Wednesday. The business’s fifty day moving average price is $36.50. The stock has a market cap of $79.95 billion, a P/E ratio of 9.47, a P/E/G ratio of 1.30 and a beta of 0.86. British American Tobacco has a 52 week low of $30.67 and a 52 week high of $55.77. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.77 and a quick ratio of 0.41.
Several large investors have recently made changes to their positions in BTI. Deutsche Bank AG increased its holdings in shares of British American Tobacco by 99.5% in the 4th quarter. Deutsche Bank AG now owns 2,912,205 shares of the company’s stock valued at $92,780,000 after acquiring an additional 1,452,488 shares during the period. Two Sigma Investments LP purchased a new position in shares of British American Tobacco in the 4th quarter valued at $32,727,000. Federated Investors Inc. PA increased its holdings in shares of British American Tobacco by 47.4% in the 1st quarter. Federated Investors Inc. PA now owns 3,014,594 shares of the company’s stock valued at $125,769,000 after acquiring an additional 969,986 shares during the period. Raymond James & Associates increased its holdings in shares of British American Tobacco by 45.4% in the 1st quarter. Raymond James & Associates now owns 2,560,134 shares of the company’s stock valued at $106,809,000 after acquiring an additional 799,254 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of British American Tobacco by 41.9% in the 1st quarter. Wells Fargo & Company MN now owns 2,602,012 shares of the company’s stock valued at $108,556,000 after acquiring an additional 768,134 shares during the period. Institutional investors and hedge funds own 6.10% of the company’s stock.
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, tobacco-free nicotine pouches, and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Newport, Camel, Natural American Spirit, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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