British American Tobacco (LON:BATS) Shares Cross Above 200-Day Moving Average – Time to Sell?

British American Tobacco p.l.c. (LON:BATS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 2,738.81 ($34.02) and traded as high as GBX 2,981 ($37.03). British American Tobacco shares last traded at GBX 2,973 ($36.93), with a volume of 3,903,957 shares.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 2,800 ($34.78) target price on shares of British American Tobacco in a research report on Thursday, December 12th.

British American Tobacco Trading Up 0.7 %

The firm has a 50-day moving average price of GBX 2,862.45 and a 200-day moving average price of GBX 2,740.43. The stock has a market cap of £65.70 billion, a PE ratio of -477.97, 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.

British American Tobacco Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, February 3rd. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 58.88 ($0.73) per share. This represents a dividend yield of 2.54%. This is a boost from British American Tobacco’s previous dividend of $57.72. The ex-dividend date is Thursday, December 19th. British American Tobacco’s payout ratio is presently -3,794.21%.

Insiders Place Their Bets

In related news, insider Tadeu Marroco acquired 48 shares of British American Tobacco stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of GBX 2,716 ($33.74) per share, for a total transaction of £1,303.68 ($1,619.48). In the last quarter, insiders purchased 58 shares of company stock valued at $159,163. Company insiders own 10.55% of the company’s stock.

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.