British American Tobacco (NYSE:BTI) Shares Gap Up – Still a Buy?

British American Tobacco p.l.c. (NYSE:BTI)’s share price gapped up prior to trading on Monday . The stock had previously closed at $37.91, but opened at $39.09. British American Tobacco shares last traded at $39.12, with a volume of 1,761,840 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley downgraded British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price target for the company. in a research note on Thursday, October 3rd. UBS Group upgraded British American Tobacco from a “neutral” rating to a “buy” rating in a research note on Monday. StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a report on Thursday, October 17th.

British American Tobacco Stock Down 1.1 %

The firm has a 50 day simple moving average of $36.97 and a 200 day simple moving average of $36.29. The company has a quick ratio of 0.58, a current ratio of 0.88 and a debt-to-equity ratio of 0.60.

Institutional Trading of British American Tobacco

Hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in shares of British American Tobacco during the fourth quarter worth approximately $34,000. ORG Partners LLC boosted its position in British American Tobacco by 35.1% during the fourth quarter. ORG Partners LLC now owns 1,151 shares of the company’s stock valued at $42,000 after buying an additional 299 shares during the period. Kieckhefer Group LLC bought a new position in shares of British American Tobacco during the fourth quarter valued at about $44,000. Creative Financial Designs Inc. ADV increased its holdings in shares of British American Tobacco by 153.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 1,243 shares of the company’s stock worth $45,000 after buying an additional 753 shares during the period. Finally, Continuum Advisory LLC lifted its stake in shares of British American Tobacco by 122.8% in the 3rd quarter. Continuum Advisory LLC now owns 1,357 shares of the company’s stock valued at $48,000 after acquiring an additional 748 shares during the last quarter. 16.16% of the stock is owned by institutional investors.

About British American Tobacco

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.