British American Tobacco (NYSE:BTI) Rating Increased to Strong-Buy at Barclays

British American Tobacco (NYSE:BTI) was upgraded by research analysts at Barclays to a “strong-buy” rating in a research note issued on Thursday, Zacks.com reports.

A number of other analysts have also commented on BTI. StockNews.com lowered shares of British American Tobacco from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 11th. Morgan Stanley cut British American Tobacco from an “overweight” rating to an “underweight” rating and set a $33.00 price objective for the company. in a research note on Thursday, October 3rd.

British American Tobacco Stock Performance

British American Tobacco stock opened at $34.50 on Thursday. British American Tobacco has a 1 year low of $28.25 and a 1 year high of $39.54. The company’s 50-day moving average is $36.90 and its two-hundred day moving average is $33.31. The company has a current ratio of 0.88, a quick ratio of 0.58 and a debt-to-equity ratio of 0.60. The company has a market cap of $76.62 billion, a PE ratio of 7.14 and a beta of 0.52.

Institutional Investors Weigh In On British American Tobacco

Several hedge funds have recently bought and sold shares of BTI. Larson Financial Group LLC raised its stake in British American Tobacco by 153.7% during the 1st quarter. Larson Financial Group LLC now owns 1,007 shares of the company’s stock worth $31,000 after buying an additional 610 shares during the period. Mather Group LLC. raised its position in shares of British American Tobacco by 4,526.9% during the second quarter. Mather Group LLC. now owns 1,203 shares of the company’s stock worth $37,000 after purchasing an additional 1,177 shares during the period. Addison Advisors LLC lifted its holdings in shares of British American Tobacco by 79.9% during the 2nd quarter. Addison Advisors LLC now owns 1,227 shares of the company’s stock valued at $38,000 after purchasing an additional 545 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in British American Tobacco during the 1st quarter worth approximately $46,000. Finally, City State Bank raised its holdings in British American Tobacco by 5,016.7% during the 1st quarter. City State Bank now owns 1,535 shares of the company’s stock worth $47,000 after buying an additional 1,505 shares during the period. 21.44% of the stock is currently owned by institutional investors and hedge funds.

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.