British American Tobacco (LON:BATS – Get Free Report) had its price target lowered by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 4,000 ($50.84) to GBX 3,450 ($43.85) in a report issued on Tuesday, MarketBeat.com reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 40.02% from the company’s previous close.
Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 3,300 ($41.94) price objective on shares of British American Tobacco in a report on Monday, April 22nd.
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British American Tobacco Stock Performance
Insider Activity
In other British American Tobacco news, insider Tadeu Marroco bought 433 shares of British American Tobacco stock in a transaction dated Thursday, May 9th. The shares were purchased at an average cost of GBX 2,076 ($26.39) per share, for a total transaction of £8,989.08 ($11,424.86). In the last ninety days, insiders bought 452 shares of company stock worth $943,555. 10.48% of the stock is currently owned by 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.
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