British American Tobacco (BTI) Hits New 52-Week High at $84.42

Source from:  American Banking News 04/18/2011

Shares of British American Tobacco (BTI) hit a new 52-week high on Friday. The stock traded as high as $84.42 during mid-day trading and last traded at $84.38. The stock previously closed at $83.72. Separately, analysts at Jefferies initiated coverage on shares of British American Tobacco in a research note to investors on Tuesday. They set a "buy" rating on the stock. Also, analysts at Zacks Investment Research upgraded shares of British American Tobacco from a "neutral" rating to an "outperform" rating in a research note to investors on Tuesday, April 5th. 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. British American Tobacco has a 52 week low of $56.00 and a 52 week high of $84.00. The stock's 50-day moving average is $80.03 and its 200-day moving average is $77.34. The company has a market cap of $83.616 billion and a price-to-earnings ratio of 17.82. Stay on top of analysts' coverage with American Banking & Market News' daily email newsletter that provides a concise list of analysts' upgrades, analysts' downgrades and analysts' price target changes for each day. Enditem