In a report released today, Philip Spain from J.P. Morgan maintained a Hold rating on British American Tobacco (BATS – Research Report), with a price target of £25.50. The company’s shares opened today at p2,656.00.
According to TipRanks, Spain is an analyst with an average return of -21.1% and a 62.50% success rate.
In addition to J.P. Morgan, British American Tobacco also received a Hold from UBS’s Faham Baig in a report issued yesterday. However, on the same day, Barclays assigned a Buy rating to British American Tobacco (LSE: BATS).
The company has a one-year high of p2,994.00 and a one-year low of p2,233.00. Currently, British American Tobacco has an average volume of 3.78M.
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British American Tobacco (BATS) Company Description:
Following the acquisition of Reynolds American, British American Tobacco is neck-and-neck with Philip Morris International to be the largest listed global tobacco company–slightly larger than PMI on net revenue, but slightly smaller on volumes. British American’s Global Drive Brands are Dunhill, Kent, Pall Mall, Lucky Strike, and Rothmans, and it also owns Newport and Camel in the U.S. The firm also sells vapor e-cigarettes, including its Vype brand, heated tobacco, with Glo, as well as roll- your-own and smokeless tobacco products. The company holds 31% of ITC Limited, the leading Indian cigarette-maker.
Read More on GB:BATS:
- British American Tobacco Continues Share Buyback Program
- BAT’s Canadian Subsidiary Moves Closer to Settlement
- British American Tobacco Boosts Shareholder Value with Buyback
- British American Tobacco Executes Share Buyback Program
- British American on track for low-single digit sales growth in fiscal 2024
