British American Tobacco (LON:BATS) Stock Price Down 8.8% – Here’s What Happened

Shares of British American Tobacco p.l.c. (LON:BATS) traded down 8.8% on Thursday . The stock traded as low as GBX 3,092 ($38.49) and last traded at GBX 3,097 ($38.55). 39,653,848 shares changed hands during trading, an increase of 29% from the average session volume of 30,714,018 shares. The stock had previously closed at GBX 3,394 ($42.25).

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 2,800 ($34.85) target price on shares of British American Tobacco in a report on Thursday, December 12th.

British American Tobacco Trading Down 9.7 %

The company has a quick ratio of 0.47, a current ratio of 0.88 and a debt-to-equity ratio of 74.14. The company has a market capitalization of £67.74 billion, a PE ratio of -492.77, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27. The stock’s fifty day moving average price is GBX 3,011.65 and its two-hundred day moving average price is GBX 2,860.41.

British American Tobacco Increases Dividend

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