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

British American Tobacco p.l.c. (LON:BATS) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

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

British American Tobacco Stock Performance

The stock 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. The firm’s 50-day moving average is GBX 2,394.86 and its 200 day moving average is GBX 2,362.89. The company has a debt-to-equity ratio of 75.41, a quick ratio of 0.47 and a current ratio of 0.90.

Insider Activity

In related news, insider Tadeu Marroco purchased 433 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were purchased at an average price of GBX 2,076 ($26.38) per share, for a total transaction of £8,989.08 ($11,421.96). Over the last three months, insiders acquired 452 shares of company stock valued at $944,419. Insiders own 10.48% of the company’s stock.

British American Tobacco Company Profile

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.