JPMorgan Chase & Co. Reaffirms Neutral Rating for British American Tobacco (LON:BATS)

British American Tobacco (LON:BATS)‘s stock had its “neutral” rating reissued by JPMorgan Chase & Co. in a note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a GBX 2,800 ($35.34) price objective on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 6.42% from the stock’s current price.

British American Tobacco Stock Up 0.7 %

Shares of LON:BATS opened at GBX 2,992 ($37.76) on Thursday. British American Tobacco has a fifty-two week low of GBX 2,228.78 ($28.13) and a fifty-two week high of GBX 3,010 ($37.99). The firm’s 50 day moving average price is GBX 2,792.83 and its 200 day moving average price is GBX 2,688.12. The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.14. The stock has a market cap of £66.12 billion, a price-to-earnings ratio of -478.78, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27.

Insider Activity at British American Tobacco

In related news, insider Tadeu Marroco acquired 48 shares of the business’s stock in a transaction on Friday, November 1st. The shares were bought at an average price of GBX 2,716 ($34.28) per share, with a total value of £1,303.68 ($1,645.44). Insiders have acquired 63 shares of company stock valued at $172,798 over the last quarter. 10.55% of the stock is owned by insiders.

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.