British American Tobacco (LON:BATS) Receives a Downgrade
Goldman Sachs has downgraded shares of British American Tobacco (LON:BATS) to a Sell rating in a recent research report issued on Thursday morning. The firm now has a GBX 3350.00 TP on shares. Goldman Sachs’s TP could mean a possibly downside of -9.24% from the last stock close price of the stock.
From a total of 20 analysts covering British American Tobacco PLC (LON:BATS) stock, 13 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 59% of the ratings are positive. The highest target price is GBX 4410 while the lowest target price is GBX 3020. The mean of all analyst targets is GBX 3929.25 with a 6.79% above today’s (GBX 3708) stock price. British American Tobacco PLC was the topic of 74 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Barclays Capital maintained shares on December 8 with “Overweight” rating. Credit Suisse maintained shares with “Outperform” rating and GBX 4100 target share price in a report from a November 24. Nomura maintained BATS stock in a recent report from November 27 with “Buy” rating. RBC Capital Markets maintained the rating on November 13. RBC Capital Markets has a “Underperform” rating and a GBX 3100 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 24.
Approximately 1.91 million shares of stock traded hands. British American Tobacco plc (LON:BATS) has risen 4.65% since May 13, 2015 and is uptrending. It has outperformed by 6.58% the S&P500.
British American Tobacco PLC is a global tobacco firm with brands sold in more than 200 markets. The company has a market cap of 69.25 billion GBP. The Company’s four principal brands include Dunhill, Kent Lucky Strike and Pall Mall. It has 17.21 P/E ratio. The Firm has many other international and local brands, including State Express 555, Vogue, Viceroy, Kool, Peter Stuyvesant, Shuang Xi, Craven A, Benson & Hedges and John Player Gold Leaf.