British American Tobacco (LON:BATS) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,722.67 ($34.12) and traded as high as GBX 2,893 ($36.25). British American Tobacco shares last traded at GBX 2,880 ($36.09), with a volume of 588,380 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 2,800 ($35.09) price objective on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Trading Up 0.2 %

The company has a debt-to-equity ratio of 74.14, a quick ratio of 0.47 and a current ratio of 0.88. The firm has a 50 day simple moving average of GBX 2,835.85 and a two-hundred day simple moving average of GBX 2,722.67. The firm has a market capitalization of £63.65 billion, a P/E ratio of -463.02, a PEG ratio of 3.12 and a beta of 0.27.

British American Tobacco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Shareholders 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. The ex-dividend date is Thursday, December 19th. This represents a yield of 2.54%. British American Tobacco’s payout ratio is currently -3,794.21%.

Insider Buying and Selling

In other British American Tobacco news, insider Tadeu Marroco bought 48 shares of British American Tobacco stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of GBX 2,716 ($34.04) per share, for a total transaction of £1,303.68 ($1,633.68). In the last 90 days, insiders bought 63 shares of company stock valued at $172,798. 10.55% of the stock is owned by insiders.

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.