JPMorgan Chase & Co. Reaffirms “Neutral” Rating for British American Tobacco (LON:BATS)

JPMorgan Chase & Co. reissued their neutral rating on shares of British American Tobacco (LON:BATS) in a report published on Thursday, MarketBeat reports. The firm currently has a GBX 2,800 ($35.34) price target on the stock.

British American Tobacco Stock Performance

Shares of BATS stock opened at GBX 2,992 ($37.76) on Thursday. The firm’s 50-day simple moving average is GBX 2,797.57 and its two-hundred day simple moving average is GBX 2,690.22. The company has a debt-to-equity ratio of 74.14, a quick ratio of 0.47 and a current ratio of 0.88. British American Tobacco has a 52 week low of GBX 2,228.78 ($28.13) and a 52 week high of GBX 3,010 ($37.99). The firm has a market cap of £66.12 billion, a price-to-earnings ratio of -481.03, a P/E/G ratio of 3.12 and a beta of 0.27.

British American Tobacco Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th will be paid a GBX 58.88 ($0.74) dividend. The ex-dividend date is Thursday, December 19th. This is a positive change from British American Tobacco’s previous dividend of $57.72. This represents a dividend yield of 2.54%. British American Tobacco’s payout ratio is presently -3,794.21%.

Insider Activity

In other British American Tobacco news, insider Tadeu Marroco bought 48 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average price of GBX 2,716 ($34.28) per share, with a total value of £1,303.68 ($1,645.44). Insiders have bought 63 shares of company stock valued at $172,798 in the last 90 days. Insiders own 10.55% 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.