There’s Still Time to Buy British American Tobacco p.l.c. (NYSE:BTI) Stock

The price of British American Tobacco p.l.c. (NYSE:BTI) shares last traded on Wall Street rose 0.40% to $32.87.

Based on available information, 3 analysts follow British American Tobacco p.l.c. (NYSE:BTI). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $57.34 and a low of $49.30, we find $53.32. Given the previous closing price of $32.74, this indicates a potential upside of 62.86 percent. BTI stock price is now -3.33% away from the 50-day moving average and -11.64% away from the 200-day moving average. The market capitalization of the company currently stands at $73.70B.

Among analysts, 0 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $53.32 as their price target over the next twelve months.

A total of 4.60% of the company’s stock is owned by insiders.

There have been several recent changes in the stakes of large investors in BTI stock. A new stake in British American Tobacco p.l.c. shares was purchased by SQUAREPOINT OPS LLC during the first quarter worth $20,756,000. OPTIVER HOLDING B.V. invested $18,222,000 in shares of BTI during the first quarter. In the first quarter, CANTOR FITZGERALD, L. P. acquired a new stake in British American Tobacco p.l.c. valued at approximately $9,546,000. OLD MISSION CAPITAL, LLC acquired a new stake in BTI for approximately $5,628,000. DRW SECURITIES, L.L.C. purchased a new stake in BTI valued at around $5,213,000 in the second quarter. In total, there are 665 active investors with 7.60% ownership of the company’s stock.

A candlestick chart of British American Tobacco p.l.c. (NYSE: BTI) showed a price of $32.58 on Thursday morning. During the past 12 months, British American Tobacco p.l.c. has had a low of $31.64 and a high of $44.36. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 0.90, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $126.13B, which is based on a 8.74 price-to-earnings ratio, a 0.74 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for BTI is $34.00 and a two-hundred day moving average price translates $37.20 for the stock.

The latest earnings results from British American Tobacco p.l.c. (NYSE: BTI) was released for Dec, 2022. The net profit margin was 24.10% and return on equity was 9.60% for BTI.

Moreover, the firm recently paid out its quarterly dividend on 02/06/2024. Investors who held shares on 12/22/2023 were paid a $0.700605 dividend. On an annualized basis, this represents a $2.73 dividend and a 8.30% percent yield. There was an ex-dividend date of 12/21/2023 for this dividend. In terms of dividend payout ratio, BTI is presently at 57.70%.

British American Tobacco p.l.c.(BTI) Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, 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. It distributes its products to retail outlets. The company was founded in 1902 and is headquartered in London, the United Kingdom.

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