British American Tobacco (LON:BATS) Stock Passes Above 200-Day Moving Average of $2,369.99

British American Tobacco p.l.c. (LON:BATS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,369.99 ($29.98) and traded as high as GBX 2,474 ($31.29). British American Tobacco shares last traded at GBX 2,451 ($31.00), with a volume of 2,304,570 shares.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 3,300 ($41.74) price objective on shares of British American Tobacco in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft reduced their price objective on British American Tobacco from GBX 4,000 ($50.59) to GBX 3,450 ($43.64) and set a “buy” rating for the company in a research report on Tuesday, May 21st.

British American Tobacco Stock Up 0.9 %

The stock has a market cap of £54.41 billion, a P/E ratio of -378.83, a price-to-earnings-growth ratio of 3.12 and a beta of 0.26. The company has a current ratio of 0.90, a quick ratio of 0.47 and a debt-to-equity ratio of 75.41. The stock’s 50-day moving average is GBX 2,414.68 and its 200-day moving average is GBX 2,369.99.

Insider Transactions at British American Tobacco

In related news, insider Tadeu Marroco acquired 433 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were acquired at an average price of GBX 2,076 ($26.26) per share, for a total transaction of £8,989.08 ($11,369.95). In the last three months, insiders purchased 452 shares of company stock valued at $944,419. Company insiders own 10.48% of the company’s stock.

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.