British American Tobacco (LON:BATS) Shares Pass Above 200 Day Moving Average – What’s Next?

Shares of British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,766.01 ($33.85) and traded as high as GBX 2,963 ($36.26). British American Tobacco shares last traded at GBX 2,877.16 ($35.21), with a volume of 3,963,044 shares traded.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 2,800 ($34.26) target price on shares of British American Tobacco in a research report on Thursday, December 12th.

British American Tobacco Price Performance

The stock has a market cap of £63.59 billion, a P/E ratio of -462.57, a P/E/G ratio of 3.12 and a beta of 0.27. 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 business has a 50 day simple moving average of GBX 2,897.46 and a 200-day simple moving average of GBX 2,766.01.

British American Tobacco Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be issued a GBX 58.88 ($0.72) dividend. This represents a dividend yield of 2.54%. The ex-dividend date is Thursday, December 19th. This is a boost from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s payout ratio is -3,794.21%.

Insiders Place Their Bets

In other British American Tobacco news, insider Tadeu Marroco purchased 48 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of GBX 2,716 ($33.24) per share, for a total transaction of £1,303.68 ($1,595.30). Insiders bought 63 shares of company stock valued at $173,913 over the last ninety days. 10.55% of the stock is currently owned by insiders.

About British American Tobacco

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.