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

British American Tobacco p.l.c. (LON:BATS)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 2,917.14 ($37.79) and traded as high as GBX 3,198 ($41.42). British American Tobacco shares last traded at GBX 3,183 ($41.23), with a volume of 67,334,695 shares changing hands.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 2,800 ($36.27) target price on shares of British American Tobacco in a research report on Thursday, December 12th.

British American Tobacco Stock Performance

The company has a debt-to-equity ratio of 74.63, a current ratio of 0.88 and a quick ratio of 0.47. The firm has a market capitalization of £70.03 billion, a P/E ratio of -5.14, a P/E/G ratio of 3.12 and a beta of 0.27. The stock’s 50 day moving average is GBX 3,086.57 and its two-hundred day moving average is GBX 2,917.14.

British American Tobacco (LON:BATS) last posted its quarterly earnings results on Thursday, February 13th. The company reported GBX 364.30 ($4.72) earnings per share for the quarter. British American Tobacco had a negative net margin of 52.84% and a negative return on equity of 25.94%. As a group, equities analysts anticipate 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 company also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were paid a GBX 58.88 ($0.76) dividend. This represents a yield of 2.54%. The ex-dividend date of this dividend was Thursday, December 19th. This is an increase from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s dividend payout ratio is presently -38.08%.

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.