Cowen downgraded shares of British American Tobacco (NYSE:BTI) from an outperform rating to a market perform rating in a research note released on Monday morning, Marketbeat.com reports.
Several other brokerages have also issued reports on BTI. Jefferies Financial Group set a $66.00 price target on British American Tobacco and gave the stock a buy rating in a research note on Monday, September 17th. Sanford C. Bernstein assumed coverage on British American Tobacco in a report on Tuesday, October 16th. They issued a market perform rating on the stock. Zacks Investment Research downgraded British American Tobacco from a hold rating to a sell rating in a report on Tuesday, December 18th. Royal Bank of Canada upgraded British American Tobacco from an underperform rating to a sector perform rating in a report on Thursday, November 29th. Finally, DZ Bank reiterated a sell rating on shares of British American Tobacco in a report on Thursday, October 18th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. British American Tobacco currently has an average rating of Hold and a consensus price target of $73.00.
Shares of BTI stock opened at $31.79 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.81 and a quick ratio of 0.41. British American Tobacco has a 12-month low of $30.67 and a 12-month high of $71.44. The stock has a market cap of $70.30 billion, a price-to-earnings ratio of 8.64 and a beta of 0.89.
British American Tobacco Company Profile
British American Tobacco p.l.c. provides cigarettes and other tobacco products worldwide. It manufactures vapour and tobacco heating products; oral tobacco and nicotine products, such as snus and moist snuff; cigars; and e-cigarettes. The company offers its products under the Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, Benson & Hedges, John Player Gold Leaf, State Express 555, and Shuang Xi brands.
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