British American Tobacco (LON:BATS) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Posted by Shane Hupp on Jan 4th, 2025

British American Tobacco p.l.c. (LON:BATS – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,738.81 ($34.02) and traded as high as GBX 2,981 ($37.03). British American Tobacco shares last traded at GBX 2,973 ($36.93), with a volume of 3,903,957 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 2,800 ($34.78) target price on shares of British American Tobacco in a research note on Thursday, December 12th.

Check Out Our Latest Analysis on British American Tobacco

British American Tobacco Price Performance

The business’s 50-day simple moving average is GBX 2,856.37 and its 200 day simple moving average is GBX 2,738.81. The company has a market capitalization of £65.70 billion, a P/E ratio of -477.97, a P/E/G ratio of 3.12 and a beta of 0.27. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.14.

British American Tobacco Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be issued a dividend of GBX 58.88 ($0.73) per share. This is a boost from British American Tobacco’s previous dividend of $57.72. The ex-dividend date is Thursday, December 19th. This represents a yield of 2.54%. British American Tobacco’s payout ratio is presently -3,794.21%.

Insiders Place Their Bets

In other British American Tobacco news, insider Tadeu Marroco acquired 48 shares of British American Tobacco stock in a transaction dated Friday, November 1st. The stock was bought at an average price of GBX 2,716 ($33.74) per share, for a total transaction of £1,303.68 ($1,619.48). Insiders bought 58 shares of company stock worth $159,163 over the last ninety days. Company insiders own 10.55% of the company’s stock.

British American Tobacco Company Profile

(Get Free Report)

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.