British American Tobacco (LON:BATS) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

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 2,887.06 ($36.43) and traded as high as GBX 3,034 ($38.29). British American Tobacco shares last traded at GBX 3,014 ($38.04), with a volume of 3,389,116 shares trading hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,800 ($35.34) price target on shares of British American Tobacco in a report on Thursday, December 12th.

British American Tobacco Stock Performance

The company has a debt-to-equity ratio of 74.63, a quick ratio of 0.47 and a current ratio of 0.88. The firm has a 50 day moving average price of GBX 3,030.60 and a two-hundred day moving average price of GBX 2,887.06. The company has a market capitalization of £66.20 billion, a P/E ratio of -4.86, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27.

British American Tobacco (LON:BATS) last issued its earnings results on Thursday, February 13th. The company reported GBX 364.30 ($4.60) EPS for the quarter. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%. On average, research analysts expect that British American Tobacco p.l.c. will post 361.5079365 earnings per share for the current fiscal year.

British American Tobacco Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were paid a GBX 58.88 ($0.74) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 2.54%. This is a positive change from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s payout ratio is currently -38.08%.

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.