British American Tobacco (NYSE:BTI – Get Rating) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Friday.
Several other equities analysts also recently weighed in on BTI. Morgan Stanley increased their price target on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a report on Tuesday, July 5th. Barclays increased their price target on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th.
Get British American Tobacco alerts:British American Tobacco Price Performance
NYSE:BTI traded down $0.48 during midday trading on Friday, hitting $35.50. The company's stock had a trading volume of 3,049,166 shares, compared to its average volume of 3,512,837. British American Tobacco has a fifty-two week low of $33.62 and a fifty-two week high of $47.24. The firm's 50 day moving average is $39.76 and its 200-day moving average is $41.58. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.88 and a quick ratio of 0.52.
Institutional Investors Weigh In On British American Tobacco
Several hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. boosted its position in British American Tobacco by 2.8% in the 2nd quarter. Federated Hermes Inc. now owns 2,265,674 shares of the company's stock worth $97,220,000 after purchasing an additional 61,185 shares in the last quarter. Private Trust Co. NA purchased a new stake in British American Tobacco in the 2nd quarter worth approximately $206,000. Brown Advisory Inc. purchased a new position in shares of British American Tobacco during the 2nd quarter valued at approximately $2,206,000. Raleigh Capital Management Inc. lifted its position in shares of British American Tobacco by 34.8% during the 2nd quarter. Raleigh Capital Management Inc. now owns 56,826 shares of the company's stock valued at $2,438,000 after buying an additional 14,670 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of British American Tobacco by 44.5% during the 2nd quarter. Captrust Financial Advisors now owns 12,582 shares of the company's stock valued at $540,000 after buying an additional 3,873 shares in the last quarter. Hedge funds and other institutional investors own 6.70% of the company's stock.About British American Tobacco
(Get Rating)
British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.
Featured Stories
- Get a free copy of the StockNews.com research report on British American Tobacco (BTI)
- This Is A Memorable Time To Buy Into Micron Technology
- Declining Profits Challenge the CarMax Value Proposition
- Let Paychex Stock Work Hard For You
- How Does Keurig Dr Pepper Compare To Larger Rivals Coke & Pepsi?
- Thor Industries Hammers Out A Bottom
Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.