StockNews.com Downgrades British American Tobacco (NYSE:BTI) to Buy

Posted by on Apr 12th, 2023

British American Tobacco (NYSE:BTI – Get Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

Separately, JPMorgan Chase & Co. lowered shares of British American Tobacco from an “overweight” rating to a “neutral” rating in a research report on Monday, March 13th.

British American Tobacco Trading Up 0.6 %

BTI opened at $35.53 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.55 and a debt-to-equity ratio of 0.51. The firm has a 50-day moving average price of $36.93 and a 200-day moving average price of $38.30. British American Tobacco has a twelve month low of $34.44 and a twelve month high of $45.28.

Hedge Funds Weigh In On British American Tobacco

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP lifted its stake in shares of British American Tobacco by 379.3% in the 4th quarter. Two Sigma Investments LP now owns 1,942,991 shares of the company’s stock worth $77,681,000 after purchasing an additional 1,537,627 shares during the period. Two Sigma Advisers LP lifted its stake in shares of British American Tobacco by 448.0% in the 4th quarter. Two Sigma Advisers LP now owns 1,299,900 shares of the company’s stock worth $51,970,000 after purchasing an additional 1,062,700 shares during the period. Capital International Investors lifted its stake in shares of British American Tobacco by 12.6% in the 1st quarter. Capital International Investors now owns 9,449,045 shares of the company’s stock worth $400,788,000 after purchasing an additional 1,060,090 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of British American Tobacco by 51.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,092,643 shares of the company’s stock worth $88,226,000 after purchasing an additional 710,867 shares during the period. Finally, OLD Mission Capital LLC bought a new position in shares of British American Tobacco in the 3rd quarter worth approximately $22,123,000. Institutional investors own 6.37% of the company’s stock.

About British American Tobacco

(Get Rating)

British American Tobacco plc is a holding company, which engages in the manufacture and distribution of tobacco products. Its brands include Kent, Dunhill, Lucky Strike, and Pall Mall. It operates through the following geographical segments: United States, Asia-Pacific and Middle East (APME), Americas and Sub-Saharan Africa (AMSSA), and Europe and North Africa (ENA).

Read More

Receive News & Ratings for British American Tobacco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for British American Tobacco and related companies with MarketBeat.com's FREE daily email newsletter.