British American Tobacco (LON:BATS) Sets New 52-Week High – Here’s Why

British American Tobacco p.l.c. (LON:BATS) reached a new 52-week high on Wednesday . The company traded as high as GBX 3,237 ($40.40) and last traded at GBX 3,232 ($40.34), with a volume of 18710934 shares traded. The stock had previously closed at GBX 3,220 ($40.19).

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,800 ($34.95) price objective on shares of British American Tobacco in a research report on Thursday, December 12th.

British American Tobacco Price Performance

The company has a debt-to-equity ratio of 74.14, a current ratio of 0.88 and a quick ratio of 0.47. The stock has a market capitalization of £71.60 billion, a price-to-earnings ratio of -520.90, a PEG ratio of 3.12 and a beta of 0.27. The stock’s 50 day simple moving average is GBX 2,971.46 and its 200-day simple moving average is GBX 2,825.76.

British American Tobacco Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, December 19th were paid a GBX 58.88 ($0.73) dividend. This represents a dividend yield of 2.54%. The ex-dividend date of this dividend was Thursday, December 19th. This is a positive change from British American Tobacco’s previous dividend of $57.72. British American Tobacco’s payout ratio is presently -3,794.21%.

About British American Tobacco

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.