British American Tobacco p.l.c. (NYSE:BTI - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.91, but opened at $39.09. British American Tobacco shares last traded at $39.12, with a volume of 1,761,840 shares.
Wall Street Analysts Forecast Growth
A number of research analysts recently weighed in on BTI shares. StockNews.com lowered shares of British American Tobacco from a "buy" rating to a "hold" rating in a research report on Tuesday, November 12th. Barclays upgraded British American Tobacco to a "strong-buy" rating in a research note on Thursday, October 17th. Morgan Stanley downgraded British American Tobacco from an "overweight" rating to an "underweight" rating and set a $33.00 price target for the company. in a research report on Thursday, October 3rd. Finally, UBS Group upgraded British American Tobacco from a "neutral" rating to a "buy" rating in a research note on Monday.
Get Our Latest Research Report on British American Tobacco
British American Tobacco Stock Performance
The stock's 50 day simple moving average is $37.01 and its two-hundred day simple moving average is $36.34. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in BTI. FMR LLC lifted its position in shares of British American Tobacco by 67.7% during the third quarter. FMR LLC now owns 7,105,356 shares of the company's stock worth $259,914,000 after acquiring an additional 2,868,675 shares in the last quarter. Natixis Advisors LLC lifted its holdings in British American Tobacco by 7.7% during the 3rd quarter. Natixis Advisors LLC now owns 2,873,456 shares of the company's stock worth $105,111,000 after purchasing an additional 206,117 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in British American Tobacco in the 3rd quarter worth about $28,183,000. Bridgewater Associates LP bought a new stake in shares of British American Tobacco during the third quarter valued at about $27,118,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of British American Tobacco by 3,153.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 572,077 shares of the company's stock worth $20,927,000 after buying an additional 554,491 shares in the last quarter. Hedge funds and other institutional investors own 16.16% of the company's stock.
British American Tobacco Company Profile
(
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British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.
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