British American Tobacco (LON:BATS) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of British American Tobacco p.l.c. (LON:BATS) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,781.53 ($34.29) and traded as high as GBX 2,969 ($36.60). British American Tobacco shares last traded at GBX 2,953 ($36.41), with a volume of 3,034,616 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,800 ($34.52) target price on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Trading Down 0.2 %

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’s 50 day moving average price is GBX 2,919.91 and its 200-day moving average price is GBX 2,781.53. The stock has a market capitalization of £65.26 billion, a PE ratio of -474.76, a PEG ratio of 3.12 and a beta of 0.27.

British American Tobacco Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th will be paid a GBX 58.88 ($0.73) dividend. This represents a yield of 2.54%. This is an increase from British American Tobacco’s previous dividend of $57.72. The ex-dividend date of this dividend is Thursday, December 19th. British American Tobacco’s dividend payout ratio is presently -3,794.21%.

Insider Transactions at British American Tobacco

In other news, insider Tadeu Marroco acquired 48 shares of British American Tobacco stock in a transaction on Friday, November 1st. The shares were acquired at an average price of GBX 2,716 ($33.49) per share, with a total value of £1,303.68 ($1,607.30). Over the last quarter, insiders have purchased 63 shares of company stock valued at $173,913. 10.55% of the stock is currently owned by corporate 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.