British American Tobacco p.l.c. (NYSE:BTI) does about 3.18M shares in volume on a normal day but saw 2720607 shares change hands in Monday trading. The company now has a market cap of 85.26B USD. Its current market price is $38.57, marking a decrease of -0.62% compared to the previous close of $38.81. The 52 week high reached by this stock is $47.24 whilst the lowest price level in 52 weeks is $35.47. The script in recent trading has seen the stock touch a high of $38.849 and a low of $38.49.
British American Tobacco p.l.c. (BTI) has a 20-day trading average at $39.51 and the current price is -18.34% off the 52-week high compared with 8.76% distance from its 52-week low. The 50-day simple moving average of the closing price is $40.07 and its 200-day simple moving average is $40.61. If we look at the stock’s price movements over the week, volatility stands at 1.22%, which increases to 1.23% 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 40.86 to suggest the stock is neutral.
4 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 $45.00 and $57.34. The consensus objective for the share price is $53.57, suggesting that the stock has a potential upside of 28.0% over the period. The median price target is 22.55% away from the current levels at $49.80.
FactSet Research has provided data showing that 4 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 1 advise that it is a overweight. 2 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 current price level is -2.69%, -3.76%, and -5.06% away from its SMA20, SMA50, and SMA200 respectively, with the BTI price moving above the 50-day SMA on January 23. British American Tobacco p.l.c. (BTI) stock is up 0.44% over the week and -5.47% over the past month. Its price is -3.53% year-to-date and -9.35% over the past year.
The company’s next earnings report is expected on 04/25/2023.
Its 12-month price target is $49.80. To reach the target analysts have set, the stock logically needs to grow 28.0 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 $45.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $57.34.
Outstanding shares total 2.26B with insiders holding 0.27% of the shares and institutional holders owning 6.87% of the company’s common stock. The company has a return on investment of 7.40% and return on equity of 8.10%. The price to earnings ratio (P/E ratio) amounts to 13.58. The beta has a value of 0.62. Price to book ratio is 0.95 and price to sales ratio is 2.61.
According to a U.S. Securities and Exchange Commission filing, Goldman Sachs GQG Partners Intern has added its position in British American Tobacco p.l.c. (BTI) to 17,123,534 shares, mirroring a recent increase by 5.63%. Goldman Sachs GQG Partners Intern added 0.91 million shares of British American Tobacco p.l.c. common stock bringing its total worth to about $684.6 million at the end of recent close, SEC documents show. Orbis Global Equity Fund raise their holdings by 84.22% in the company over the course of the most recent quarter. It now holds a 0.32% position in British American Tobacco p.l.c. thanks to 7.08 million shares amounting to $283.23 million.