British American Tobacco (NYSE:BTI) Hits New 1-Year High – Here’s Why

British American Tobacco p.l.c. (NYSE:BTI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.10 and last traded at $42.03, with a volume of 747388 shares traded. The stock had previously closed at $41.76.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BTI shares. Barclays upgraded shares of British American Tobacco to a “strong-buy” rating in a research report on Thursday, October 17th. UBS Group raised shares of British American Tobacco from a “neutral” rating to a “buy” rating in a report on Monday, January 27th. Finally, StockNews.com downgraded shares of British American Tobacco from a “buy” rating to a “hold” rating in a report on Tuesday, November 12th.

British American Tobacco Trading Up 0.5 %

The company has a fifty day moving average price of $37.56 and a 200-day moving average price of $36.81. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.88 and a quick ratio of 0.58.

Institutional Investors Weigh In On British American Tobacco

Several large investors have recently bought and sold shares of BTI. AQR Capital Management LLC purchased a new stake in British American Tobacco during the second quarter valued at approximately $408,000. CWM LLC raised its holdings in British American Tobacco by 4.0% during the 3rd quarter. CWM LLC now owns 17,185 shares of the company’s stock valued at $629,000 after buying an additional 668 shares during the period. Grove Bank & Trust lifted its position in British American Tobacco by 11.0% in the third quarter. Grove Bank & Trust now owns 3,176 shares of the company’s stock worth $116,000 after buying an additional 314 shares during the last quarter. Creative Planning boosted its stake in British American Tobacco by 32.9% during the third quarter. Creative Planning now owns 143,916 shares of the company’s stock worth $5,264,000 after buying an additional 35,661 shares during the period. Finally, Good Life Advisors LLC purchased a new stake in shares of British American Tobacco in the third quarter valued at $336,000. Institutional investors own 16.16% of the company’s stock.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.