British American Tobacco (LON:BATS) Stock Passes Above 200-Day Moving Average - Here's Why

British American Tobacco p.l.c. (LON:BATS - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,917.14 ($37.71) and traded as high as GBX 3,198 ($41.34). British American Tobacco shares last traded at GBX 3,183 ($41.15), with a volume of 67,334,695 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a "neutral" rating and set a GBX 2,800 ($36.19) price target on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Stock Up 1.1 %

The firm has a market capitalization of £70.40 billion, a PE ratio of -5.16, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27. The company has a current ratio of 0.88, a quick ratio of 0.47 and a debt-to-equity ratio of 74.63. The firm has a 50-day moving average of GBX 3,090.41 and a two-hundred day moving average of GBX 2,919.81.

British American Tobacco (LON:BATS - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported GBX 364.30 ($4.71) earnings per share for the quarter. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%. On average, equities research analysts forecast that British American Tobacco p.l.c. will post 361.5079365 EPS for the current year.

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British American Tobacco Increases Dividend

The business also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, December 19th were given a dividend of GBX 58.88 ($0.76) per share. The ex-dividend date was Thursday, December 19th. This is a positive change from British American Tobacco's previous dividend of $57.72. This represents a yield of 2.54%. British American Tobacco's payout ratio is -38.08%.

British American Tobacco Company Profile

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.