British American Tobacco p.l.c. (NYSE:BTI) does about 2.30M shares in volume on a normal day but saw 3985353 shares change hands in Tuesday trading. The company now has a market cap of 76.83B USD. Its current market price is $34.21, marking a decrease of -1.64% compared to the previous close of $34.78. The 52 week high reached by this stock is $45.64 whilst the lowest price level in 52 weeks is $27.32. The script in recent trading has seen the stock touch a high of $34.35 and a low of $33.88.
British American Tobacco p.l.c. (BTI) has a 20-day trading average at $33.96 and the current price is -25.04% off the 52-week high compared with 25.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $36.12 and its 200-day simple moving average is $38.73. If we look at the stock’s price movements over the week, volatility stands at 1.59%, which increases to 1.60% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 45.93 to suggest the stock is neutral.
5 analysts observing the British American Tobacco p.l.c. (BTI) stock have set the 12-month price targets for the company’s shares at between $35.37 and $35.37. The consensus objective for the share price is $43.97, suggesting that the stock has a potential upside of 22.2% over the period. The median price target is 3.28% away from the current levels at $35.37.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 3 analysts have rated it as a buy and 1 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 20, 2020 when Jefferies downgraded the stock to “Hold” and issued a price target of. Morgan Stanley upgraded the stock to “Overweight” from Equal-Weight on April 07, 2020 at a price target of.
The current price level is 0.58%, -5.51%, and -11.69% away from its SMA20, SMA50, and SMA200 respectively, with the BTI price moving above the 50-day SMA on August 25. British American Tobacco p.l.c. (BTI) stock is up 0.65% over the week and -2.20% over the past month. Its price is -19.43% year-to-date and -5.26% over the past year.
The company’s next earnings report is expected on 10/29/2020.
Its 12-month price target is $35.37. To reach the target analysts have set, the stock logically needs to grow 22.2 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $35.37, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $35.37.
Outstanding shares total 2.29B with insiders holding 0.00% of the shares and institutional holders owning 5.27% of the company’s common stock. The company has a return on investment of 6.30% and return on equity of 9.60%. The price to earnings ratio (P/E ratio) amounts to 9.48 while the forward price to earnings ratio is 7.87. The beta has a value of 0.86. Price to book ratio is 0.86 and price to sales ratio is 2.24.
According to a U.S. Securities and Exchange Commission filing, Capital Income Builder has added its position in British American Tobacco p.l.c. (BTI) to 11,432,857 shares, mirroring a recent increase by 36.66%. Capital Income Builder added 3.07 million shares of British American Tobacco p.l.c. common stock bringing its total worth to about $383.57 million at the end of recent close, SEC documents show. Capital Income Builder isn’t the only investment manager who changed stakes and is followed by American Funds Capital World Grow, which sold off -1.5 million shares to end up with 5,116,171 shares worth $171.65 million. American Funds Investment Company raise their holdings by 36.76% in the company over the course of the most recent quarter. It now holds a 0.20% position in British American Tobacco p.l.c. thanks to 4.64 million shares amounting to $155.69 million.