British American Tobacco (LON:BATS) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of British American Tobacco p.l.c. (LON:BATS) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,766.01 ($33.86) and traded as high as GBX 2,963 ($36.27). British American Tobacco shares last traded at GBX 2,877.16 ($35.22), with a volume of 3,963,044 shares traded.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 2,800 ($34.27) target price on shares of British American Tobacco in a research report on Thursday, December 12th.

British American Tobacco Stock 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 company has a 50 day simple moving average of GBX 2,901.88 and a 200-day simple moving average of GBX 2,769.31. The stock has a market capitalization of £64.73 billion, a P/E ratio of -470.92, a price-to-earnings-growth ratio of 3.12 and a beta of 0.27.

British American Tobacco Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, February 3rd. Investors of record on Thursday, December 19th will be paid a GBX 58.88 ($0.72) dividend. This is a boost from British American Tobacco’s previous dividend of $57.72. This represents a yield of 2.54%. The ex-dividend date of this dividend is Thursday, December 19th. British American Tobacco’s payout ratio is currently -3,794.21%.

Insider Buying and Selling at British American Tobacco

In related news, insider Tadeu Marroco acquired 48 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average cost of GBX 2,716 ($33.24) per share, for a total transaction of £1,303.68 ($1,595.69). Insiders have acquired a total of 63 shares of company stock valued at $173,913 over the last three months. 10.55% of the stock is currently owned by insiders.

British American Tobacco Company Profile

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.