British American Tobacco (LON:BATS) Shares Pass Above 200 Day Moving Average – What’s Next?

British American Tobacco p.l.c. (LON:BATS)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,766.01 ($33.86) and traded as high as GBX 2,963 ($36.27). British American Tobacco shares last traded at GBX 2,877.16 ($35.22), with a volume of 3,963,044 shares traded.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 2,800 ($34.27) price objective on shares of British American Tobacco in a research note on Thursday, December 12th.

British American Tobacco Trading Up 0.4 %

The business has a 50 day moving average of GBX 2,901.88 and a two-hundred day moving average of GBX 2,769.31. The firm has a market capitalization of £64.73 billion, a price-to-earnings ratio of -470.92, a P/E/G ratio of 3.12 and a beta of 0.27. The company has a debt-to-equity ratio of 74.14, a quick ratio of 0.47 and a current ratio of 0.88.

British American Tobacco Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, December 19th will be given a dividend of GBX 58.88 ($0.72) per share. This represents a dividend yield of 2.54%. This is a positive change from British American Tobacco’s previous dividend of $57.72. The ex-dividend date of this dividend is Thursday, December 19th. British American Tobacco’s dividend payout ratio is presently -3,794.21%.

Insiders Place Their Bets

In related news, insider Tadeu Marroco purchased 48 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of GBX 2,716 ($33.24) per share, for a total transaction of £1,303.68 ($1,595.69). Over the last 90 days, insiders have acquired 63 shares of company stock worth $173,913. Insiders own 10.55% of the company’s stock.

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.