British American Tobacco (NYSE:BTI) Stock Rating Lowered by StockNews.com

British American Tobacco (NYSE:BTIGet Rating) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Thursday.

A number of other research analysts also recently issued reports on BTI. UBS Group boosted their target price on shares of British American Tobacco from GBX 3,600 ($43.50) to GBX 3,800 ($45.92) in a research report on Tuesday, May 31st. Barclays upped their price objective on shares of British American Tobacco from GBX 4,200 ($50.75) to GBX 4,400 ($53.17) in a report on Tuesday, June 7th. Finally, Morgan Stanley upped their price objective on shares of British American Tobacco from GBX 3,780 ($45.67) to GBX 4,000 ($48.33) in a report on Tuesday, July 5th.

British American Tobacco Trading Up 0.6 %

Shares of NYSE BTI traded up $0.24 during midday trading on Thursday, reaching $39.07. The stock had a trading volume of 2,822,877 shares, compared to its average volume of 3,477,899. British American Tobacco has a twelve month low of $33.62 and a twelve month high of $47.24. The company has a quick ratio of 0.52, a current ratio of 0.88 and a debt-to-equity ratio of 0.54. The company’s 50 day moving average price is $40.38 and its 200 day moving average price is $41.74.

Institutional Trading of British American Tobacco

Several institutional investors have recently made changes to their positions in the company. Federated Hermes Inc. grew its stake in shares of British American Tobacco by 2.8% in the 2nd quarter. Federated Hermes Inc. now owns 2,265,674 shares of the company’s stock worth $97,220,000 after acquiring an additional 61,185 shares in the last quarter. Private Trust Co. NA bought a new position in British American Tobacco during the second quarter valued at about $206,000. Brown Advisory Inc. bought a new position in British American Tobacco during the second quarter valued at about $2,206,000. Raleigh Capital Management Inc. grew its position in British American Tobacco by 34.8% during the second quarter. Raleigh Capital Management Inc. now owns 56,826 shares of the company’s stock valued at $2,438,000 after buying an additional 14,670 shares during the period. Finally, Captrust Financial Advisors grew its position in British American Tobacco by 44.5% during the second quarter. Captrust Financial Advisors now owns 12,582 shares of the company’s stock valued at $540,000 after buying an additional 3,873 shares during the period. Institutional investors own 6.70% of the company’s stock.

About British American Tobacco

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British American Tobacco p.l.c. provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products, such as snus and moist snuff. The company offers its products under the Kent, Dunhill, Lucky Strike, Pall Mall, Rothmans, Camel, Newport, Natural American Spirit, being Vapour, THP, and Modern Oral brands.

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