British American Tobacco (NYSE: BTI) was downgraded by analysts at Societe Generale from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
Separately, analysts at Goldman Sachs (NYSE: GS) upgraded shares of British American Tobacco to a “buy” rating in a research note to investors on Monday, January 30th. They now have a $46.00 price target on the stock.
British American Tobacco plc is a holding company that owns, directly or indirectly, investments in the numerous companies constituting the British American Tobacco Group of companies. Its brand portfolio includes Dunhill, Kent, Lucky Strike and Pall Mall. Dunhill sells in approximately 120 countries. 41 billion Dunhill cigarettes were sold during the year ended December 31, 2009. Kent is sold in more than 70 countries. Lucky Strike’s markets incude Germany, Spain, Japan, France, Italy, Argentina and Chile. Pall Mall offers a range of cigarette and make-your-own products. On June 17, 2009, it acquired 85% stake in Indonesia’s cigarette maker PT Bentoel Internasional Investama Tbk.
Shares of British American Tobacco traded down 1.25% during mid-day trading on Friday, hitting $98.50. British American Tobacco has a 52 week low of $73.48 and a 52 week high of $99.93. The stock’s 50-day moving average is $94.41 and its 200-day moving average is $91.15. The company has a market cap of $97.586 billion and a P/E ratio of 19.64.
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