British American Tobacco (NYSE:BTI) Lifted to Strong-Buy at Barclays

Barclays upgraded shares of British American Tobacco (NYSE:BTI) to a strong-buy rating in a research note issued to investors on Thursday morning, Zacks.com reports.

BTI has been the subject of several other reports. StockNews.com lowered British American Tobacco from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 11th. Morgan Stanley lowered British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 target price for the company. in a report on Thursday, October 3rd.

British American Tobacco Price Performance

BTI stock opened at $34.50 on Thursday. The business has a fifty day moving average of $36.90 and a two-hundred day moving average of $33.33. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60. The stock has a market cap of $76.63 billion, a price-to-earnings ratio of 7.14 and a beta of 0.52. British American Tobacco has a 52-week low of $28.25 and a 52-week high of $39.54.

Institutional Trading of British American Tobacco

A number of hedge funds and other institutional investors have recently made changes to their positions in BTI. Larson Financial Group LLC increased its position in British American Tobacco by 153.7% in the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock valued at $31,000 after acquiring an additional 610 shares during the period. Mather Group LLC. increased its position in British American Tobacco by 4,526.9% in the 2nd quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock valued at $37,000 after acquiring an additional 1,177 shares during the period. Addison Advisors LLC increased its position in British American Tobacco by 79.9% in the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after acquiring an additional 545 shares during the period. Pathway Financial Advisers LLC purchased a new stake in British American Tobacco in the 1st quarter valued at approximately $46,000. Finally, City State Bank boosted its holdings in British American Tobacco by 5,016.7% in the 1st quarter. City State Bank now owns 1,535 shares of the company’s stock valued at $47,000 after purchasing an additional 1,505 shares in the last quarter. Institutional investors and hedge funds own 21.44% of the company’s stock.

About British American Tobacco

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.