British American Tobacco (LON:BATS) Shares Cross Above 200 Day Moving Average of $2,363.75

Shares of British American Tobacco p.l.c. (LON:BATS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,363.75 ($30.03) and traded as high as GBX 2,497 ($31.73). British American Tobacco shares last traded at GBX 2,488 ($31.61), with a volume of 9,549,699 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of British American Tobacco from GBX 4,000 ($50.83) to GBX 3,450 ($43.84) and set a “buy” rating for the company in a report on Tuesday, May 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,300 ($41.93) target price on shares of British American Tobacco in a report on Monday, April 22nd.

British American Tobacco Price Performance

The business’s fifty day moving average is GBX 2,394.86 and its 200-day moving average is GBX 2,363.75. The company has a debt-to-equity ratio of 75.41, a current ratio of 0.90 and a quick ratio of 0.47. The firm has a market cap of £55.23 billion, a PE ratio of -384.54, a P/E/G ratio of 3.12 and a beta of 0.26.

Insiders Place Their Bets

In other British American Tobacco news, insider Tadeu Marroco bought 433 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was purchased at an average price of GBX 2,076 ($26.38) per share, for a total transaction of £8,989.08 ($11,421.96). Insiders acquired 452 shares of company stock worth $944,419 over the last quarter. 10.48% of the stock is currently owned by company insiders.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.