SBG Securities Upgrades British American Tobacco p.l.c. (BTI) to Buy

British American Tobacco p.l.c. (NYSE:BTI) was upgraded by investment analysts at SBG Securities from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, July 31st.

BTI has been the subject of several other reports. Zacks Investment Research upgraded British American Tobacco p.l.c. from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Friday, April 21st. Bank of America Corporation set a $79.00 price objective on British American Tobacco p.l.c. and gave the company a “buy” rating in a research report on Thursday, July 6th. Piper Jaffray Companies initiated coverage on British American Tobacco p.l.c. in a research report on Thursday, May 25th. They issued an “overweight” rating and a $59.00 price objective for the company. Finally, Exane BNP Paribas upgraded British American Tobacco p.l.c. to an “outperform” rating in a research report on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. British American Tobacco p.l.c. currently has a consensus rating of “Buy” and a consensus target price of $69.33.

Shares of British American Tobacco p.l.c. (NYSE BTI) opened at 60.80 on Monday. British American Tobacco p.l.c. has a 12-month low of $60.15 and a 12-month high of $130.40. The stock has a market cap of $112.97 billion, a P/E ratio of 20.26 and a beta of 1.02. The company’s 50-day moving average is $66.28 and its 200-day moving average is $71.29.

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Institutional investors have recently added to or reduced their stakes in the company. FTB Advisors Inc. increased its position in British American Tobacco p.l.c. by 10.7% in the second quarter. FTB Advisors Inc. now owns 1,804 shares of the company’s stock worth $117,000 after buying an additional 174 shares during the period. Grove Bank & Trust increased its position in British American Tobacco p.l.c. by 50.2% in the second quarter. Grove Bank & Trust now owns 2,058 shares of the company’s stock worth $141,000 after buying an additional 688 shares during the period. Parallel Advisors LLC boosted its stake in shares of British American Tobacco p.l.c. by 439.0% in the second quarter. Parallel Advisors LLC now owns 2,517 shares of the company’s stock worth $157,000 after buying an additional 2,050 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of British American Tobacco p.l.c. during the second quarter worth about $170,000. Finally, Huntington National Bank boosted its stake in shares of British American Tobacco p.l.c. by 41.1% in the second quarter. Huntington National Bank now owns 2,706 shares of the company’s stock worth $185,000 after buying an additional 788 shares in the last quarter. 4.46% of the stock is owned by hedge funds and other institutional investors.

About British American Tobacco p.l.c.

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).

Analyst Recommendations for British American Tobacco p.l.c. (NYSE:BTI)

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