British American Tobacco (LON:BATS) Receives “Neutral” Rating from JPMorgan Chase & Co.

British American Tobacco (LON:BATS)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Thursday,Digital Look reports. They presently have a GBX 2,800 ($35.72) price target on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential downside of 5.88% from the stock’s previous close.

British American Tobacco Stock Down 0.8 %

BATS stock traded down GBX 24 ($0.31) during trading on Thursday, reaching GBX 2,975 ($37.95). 101,152,133 shares of the company traded hands, compared to its average volume of 5,708,846. British American Tobacco has a 12 month low of GBX 2,228.78 ($28.43) and a 12 month high of GBX 3,010 ($38.40). The company has a market capitalization of £65.75 billion, a price-to-earnings ratio of -477.33, a price-to-earnings-growth 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. The business has a 50 day simple moving average of GBX 2,788.07 and a 200 day simple moving average of GBX 2,684.74.

Insider Activity at British American Tobacco

In other news, insider Tadeu Marroco purchased 48 shares of British American Tobacco stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of GBX 2,716 ($34.65) per share, for a total transaction of £1,303.68 ($1,663.07). In the last quarter, insiders bought 63 shares of company stock valued at $172,798. 10.55% of the stock is owned by insiders.

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.