In a report released today, Damian McNeela from Deutsche Bank maintained a Buy rating on British American Tobacco (BATS – Research Report), with a price target of £35.00. The company’s shares opened today at p2,656.00.
According to TipRanks, McNeela is an analyst with an average return of -3.0% and a 44.44% success rate.
Currently, the analyst consensus on British American Tobacco is a Moderate Buy with an average price target of p2,950.00, representing an 11.07% upside. In a report released yesterday, Barclays also assigned a Buy rating to the stock with a £32.50 price target.
BATS market cap is currently £60.22B and has a P/E ratio of -4.57.
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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
