British American Tobacco (LON:BATS) Share Price Passes Above 200 Day Moving Average - Here's What Happened

British American Tobacco p.l.c. (LON:BATS - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 2,722.67 ($34.26) and traded as high as GBX 2,893 ($36.40). British American Tobacco shares last traded at GBX 2,880 ($36.24), with a volume of 588,380 shares trading hands.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 2,800 ($35.23) price target on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Price Performance

The stock's 50-day simple moving average is GBX 2,839.61 and its two-hundred day simple moving average is GBX 2,723.84. The firm has a market cap of £63.94 billion, a P/E ratio of -465.11, a PEG ratio of 3.12 and a beta of 0.27. The company has a debt-to-equity ratio of 74.14, a current ratio of 0.88 and a quick ratio of 0.47.

British American Tobacco Increases Dividend

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

Insiders Place Their Bets

In related news, insider Tadeu Marroco bought 48 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of GBX 2,716 ($34.18) per share, with a total value of £1,303.68 ($1,640.47). Insiders bought a total of 63 shares of company stock valued at $172,798 over the last 90 days. Insiders own 10.55% of the company's stock.

About British American Tobacco

BAT was founded in 1902 and was first listed on the London Stock Exchange in 1912. A constituent of the FTSE 100 since its creation in 1984, we have evolved, becoming the only truly global company in our sector. BAT is transforming and is well positioned with a global footprint and multi-category portfolio.