British American Tobacco (LON:BATS) Stock Price Down 8.8% – Time to Sell?

British American Tobacco p.l.c. (LON:BATS)’s stock price traded down 8.8% during trading on Thursday . The stock traded as low as GBX 3,092 ($38.49) and last traded at GBX 3,097 ($38.55). 39,653,848 shares changed hands during mid-day trading, an increase of 29% from the average session volume of 30,714,018 shares. The stock had previously closed at GBX 3,394 ($42.25).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,800 ($34.85) target price on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Trading Down 9.7 %

The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.14. The company has a market cap of £67.74 billion, a PE ratio of -492.77, a PEG ratio of 3.12 and a beta of 0.27. The stock has a 50 day moving average price of GBX 3,011.65 and a 200 day moving average price of GBX 2,860.41.

British American Tobacco Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were given a dividend of GBX 58.88 ($0.73) per share. The ex-dividend date was Thursday, December 19th. This represents a yield of 2.54%. This is a positive change from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s dividend payout ratio (DPR) is currently -3,794.21%.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector.

BAT is transforming and is well positioned with a global footprint and multi-category portfolio.